Issue of up to 9,50,000 (Nine Lakh Fifty Thousand) Equity Shares, having a face value of Rs.10/- (Rupees Ten Only) each, at a price not less than the price determined in accordance with SEBI ICDR Regulations, 2018 on a Preferential Basis to Saraf Housing Development Private Limited, a Company forming part of the Promoter Group of the Company.