On May 11, 2023, the company issued 20,00,000 Non-Convertible Non-Cumulative Redeemable Preference Shares (RPS) of Face Value of INR100 for the gross proceeds of20,00,00,000. The transaction involved participation from M/s. Dilesh Roadlines Private Limited for 15, 00, 000 Non-Convertible Non-Cumulative Redeemable Preference Shares and M/s. Dilesh Logistics (India) Private
Limited for 5,00,000 Non-Convertible Non-Cumulative Redeemable Preference Shares.