Approved the proposal for issue of 23,49,940 Convertible Warrants, convertible into one equity share upon exercising the Warrant, at an issue price of Rs. 76 per Warrant so as to raise up to Rs. 17.85 crore on a preferential basis to Investors.

Approved convening of an Extra-Ordinary General Meeting (EGM) of the Company to be held on 22 January, 2019 for seeking the shareholders approval for the aforesaid preferential issue.