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The company's Board approved the allotment of 18.40 lakh new Equity Shares, each with a face value of Rs. 10. These shares were issued as a third tranche to Mr. Tirth Ghanshyam Patel from the Promoter Group, who converted an equal number of convertible warrants. Mr. Patel had previously paid 25% of the allotment price and now paid the remaining 75%, totaling Rs. 4.416 crore for the shares. Following this allotment, the company's paid-up equity share capital increased to Rs. 45 crore, comprising 4.5 crore Equity Shares, strengthening the company's capital base.