The Board of Directors considered and approved the increase in the Authorised Share Capital of the Company from Rs. 11,00,00,000/- (Rupees Eleven Crore Only) divided into 1,10,00,000 (One Crore Ten Lakh) Equity Shares of Rs. 10/- (Rupees Ten Only) each to Rs. 25,00,00,000/- (Rupees Twenty-Five Crore Only) divided into 2,50,00,000 (Two Crore Fifty Lakh) Equity Shares of Rs. 10/- (Rupees Ten Only) each, by creation of 1,40,00,000 (One Crore Forty Lakh) additional Equity Shares of Rs. 10/- (Rupees Ten Only) each, and the consequential alteration of Clause V of the Memorandum of Association of the Company, subject to the approval of the Members of the Company by way of an Ordinary Resolution through Postal Ballot / Remote E-Voting pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014.