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Upon receipt of requisite approvals, Company on 05.01.2022, allotted 13,50,00,000 Warrants on preferential basis to a Promoter Group Entity. Said Warrant are convertible into, or exchangeable for, 1 fully paid-up equity share having face value of Rs. 1/- each, within a period of 18 months from date of allotment. Owing to pending litigations and Orders of Honble Debt Recovery Tribunal (DRT), Warrant holder is constraint to seek conversion of warrants into shares and accordingly warrants could not be converted into equity shares. Requisite application was filed with SEBI, seeking exemption. SEBI vide its communication dated 24-08-2023, has inter alia advised Company that Company may seek exemption from SEBI post final order of DRT and to abide by directions of the DRT. 2. Upon receipt of requisite approvals, Company on 07.11.2024, allotted 13,33,33,333 Warrants on preferential basis to a three FPIs (NonPromoter). 3. Primat Infrapower and Multiventures Private Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP). 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