LIST/COMP/56/2019-20                                                                                         January 23, 2020

Dear Sir / Madam,

Subject: Streamlining the Process of Rights Issue

Securities and Exchange Board of India (SEBI) has issued circular No. SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020 regarding Streamlining the Process of Rights Issue by amending SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”).

The aforesaid circular is appended for reference.

This circular shall be applicable for all rights issues and fast track rights issue where Letter of Offer (LoF) is filed with the stock exchanges on or after February 14, 2020.

Listed Companies are requested to take note of the said amendment and comply accordingly.

Hiteshkumar Desai                                                                  Ashok Kumar Singh

Additional General Manager                                                   Assistant General Manager

Listing Compliance                                                                   Listing Compliance