The board has also decided to issue of two detachable optionally convertible warrants for each equity share allotted. Each detachable optionally convertible warrant shall be entitled 1 equity share of face value of Rs 10 each. First detachable optionally convertible warrant shall be convertible between 15-18 months from the date of allotment at a price of Rs 60 per share. Second detachable optionally convertible warrant will be convertible between 27-30 months at a discount of 15% to market price.

This was decided at the board meeting held on 05 September 2009.