The company has withdrawn its previously planned preferential issue of 5.4 Cr convertible equity warrants, priced at Rs. 13.50 each.

This decision, made by the Board, stems from prevailing market volatility and a decline in the company's share price, which led to reduced investor interest.

The company assures stakeholders that this withdrawal will not negatively affect its financials, operations, or growth plans.

Management will explore other fundraising avenues when market conditions become more favorable, prioritizing the best interests of the company and its shareholders.