1. Decided that the Amalgamation of its wholly owned subsidiary viz. Real Gem Buildtech with effect from 01 April 2014 as was decided in the last Board meeting held on 11 February 2014, be not proceeded with now and appointed date for the proposed amalgamation be revised to a future date as may be considered and, approved by the Board at a later date; another proposal for amalgamation of the subsidiary Company, in which Company holds 75% stake, viz. Gokuldharn Real Estate Development Company with appointed date from 01 April 2013 shall be proceeded, on the same terms as per the valuation report and the draft scheme, subject to necessary approvals.

2. Considered and approved a proposal of Marine Drive Hospitality & Realty, (formerly D B Hospitality) wherein the Company holds investments in Preference Shares for reorganization of its capital structure, subject to necessary approvals resulting in reduction of the number of Preference Shares viz, Redeemable Optionally Convertible Preference Shares and Compulsorily Redeemable Preference Shares, since the economic interest of the Company remains unchanged.

3. Approved a proposal for obtaining the consent of the members for passing resolutions under Section 180 (1)(a), 180 (1)(c) in connection with Borrowing Powers of the Board and under Section 188 in connection with granting of Loans, providing guarantees / securities and investments through Postal Ballot and a voting of the Companies Act, 2013.

The Company has received a Summons from the Special Court of CBI, 2G spectrum cases in connection with a charge filed under PMLA by the Joint Director (ED), which is being attended to.