The Board has approved the allotment of 5,35,000 Rights Equity Shares at an issue price of ₹55 each, amounting to a total consideration of ₹2.94 crore. Following this, the paid-up equity share capital will rise from ₹10.70 crore to ₹11.23 crore. This strategic move indicates the company's commitment to raising capital through the Rights Issue, enhancing its financial standing and future growth potential.