With reference to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of our Company met today and the following business were discussed, which are subject to the approval of the shareholders in the ensuing AGM :

1. To increase the Authorised Share capital of the Company from Rs 5,00,00,000/- (Rupees Five Crores only) to `Rs 7,00,00,000/- (Rupees Seven Crores only) .
2. To amend the Memorandum of association subject to the approval of increase in authorised share capital.
3. To allot warrants to the investors on preferential basis, which are convertible into equity shares within 18 months from the date of allotment of the Warrants, in one or more tranches, for cash.