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Outcome of Board Meeting

| Updated on January 24, 2018 Published on January 24, 2018

With reference to above subject and in compliance with the Listing Agreement, we hereby submit the outcome of the Board Meeting of the Directors held on today i.e. 24th January, 2018 at 11:00 a.m. and concluded on 4:15 p.m.:-

1. Increased authorized Share Capital of the Company from Rs.20,00,00,000/- divided into 2,00,00,000 shares of Rs.10/- to Rs. 22,00,00,000/- divided into 2,20,00,000 shares of Rs.10/- each, subject to approval from Shareholders of the Company in ensuing Extra Ordinary General Meeting.

2. Issuance of 454500 convertible warrants and 2405500 equity shares on preferential basis to Public and /or Promoter Group of the Company at a price which shall not be less than the minimum price arrived at in accordance with the provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time, subject to approval from Shareholders of the Company in ensuing Extra Ordinary General Meeting.

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Source : BSE - www.bseindia.com

Published on January 24, 2018
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