Outcome of Board Meeting - Intimation under Regulation 30 of SEBI (LODR), Regulations, 2015, Scheme of Arrangement and Amalgamation In case of cash consideration - amount or otherwise share exchange ratio No cash consideration is payable under the scheme. The consideration for amalgamation will be discharged by the issue of Redeemable Preference Shares by the Transferee Company as follows: '1325 (One Thousand Three Hundred and Twenty-Five) Preference Share of RNEL having face value of INR 10/- (Rupees Ten) each credited as fully paid-up to be issued to the equity shareholders of TOPL for every 1000 (One Thousand) Equity Shares of INR 10/- (Rupee Ten) each fully paid-up, held by such shareholders in TOPL'