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Company had on November 07, 2024, inter-alia, made an allotement of 1,11,70,000 convertible warrants to certain promoter & promoter group and non-promoter category, on preferential basis, for an issue price of Rs.468/- per warrant (including face value of Rs.2/- each), for an amount aggregating to Rs.522,75,60,000/- (Rs.522.76 Crore). In accordance with the terms of issue and Regulation 162 of the SEBI ICDR Regulations, 25% of the issue price was received upfront as the initial subscription amount at the time of allotment and the balance 75% was payable at the time of exercise of warrants within a period of 18 months from the date of allotment, i.e., on or before May 06, 2026. Since, the Company has not received the balance 75% consideration from the warrant holders within the stipulated timeline, accordingly, the outstanding warrants have lapsed upon expiry of the exercise period, i.e., on May 06, 2026. Consequently, with effect from May 07, 2026, the upfront subscription amount received at the time of allotment, being 25% of the issue price, amounting to Rs.1,30,68,90,000/- (Rs.130.69 Crore) stands forfeited. Consequent to the lapse of the aforesaid warrants, the warrant holders shall cease to have any rights or entitlement to seek conversion into equity shares of the Company. There will be no change in the paid-up share capital of the Company, and the amount forfeited pursuant to such lapse shall be retained by the Company and accounted for in accordance with the applicable accounting standards. 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