The board has approved to issue equity shares on preferential basis to Hem-Sil Trading & Manufacturing, one of the promoters of the company, as per the approved CDR scheme for an amount not exceeding Rs 20 crore, subject to the approval of members and such other approvals as may be required from stock exchanges where the shares of the company are listed. The proposal is to issue 20,00,000 equity shares at a price of Rs 100 per share.