The Board of Directors, in their meeting held on January 23, 2025, have inter alia, discussed and approved the following:\r\n\r\n1. Signing a term sheet with M/s AITMC Ventures Limited for the proposed strategic merger; and\r\n2. Considering the adoption of a policy for an Employee's Stock Option Plan (ESOP).\r\n\r\nStakeholders are requested to take the same on record.