1. The Board has agreed to issue to the extent of 3,30,00,000 Equity Shares/ Convertible Warrants of Rs. 10/- each to Promoters and Other Investors on Preferential Allotment basis pursuant to Section 62 of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.

2. Considered and approved the resignation of Bala Bhaskar Kumar from the office of Independent director of the Company with immediate effect.