This is to inform that the Implementation Committee, in its meeting held today, viz. Friday, January 09, 2026, which commenced at 03:00 P.M. (IST) and concluded at 03:46 P.M. (IST) through video-conferencing, inter alia considered, discussed and approved:\r\n1. The Appointment of Directors on the Board of Directors of the Company ('Interim Board');\r\n2. The Record Date as Friday, January 16, 2026, for the purpose of reduction/cancellation and extinguishment of existing paid-up equity share capital held by the erstwhile promoters and existing public shareholders of the Company; and\r\n3. Issuance of 2,37,50,000 (Two Crores Thirty-Seven Lakhs Fifty Thousand) fresh equity shares on a preferential basis, at a face value of INR 10/- (Indian Rupees Ten Only) each, which shall rank pari-passu basis in all respects with the existing equity shares to the prospective promoters of the Company, in accordance with the NCLT Order.\r\n