Issuance of 55,10,237 Bonus Equity Shares in the ratio of 1:1, i.e., 1 (One) new fully paid up equity\r\nshare of Rs. 10/- (Rupees Ten Only) each for every existing 1 (one) equity share of Rs. 10/-\r\n(Rupees Ten Only) each held by the eligible Equity Shareholders of the Company as on the record\r\ndate, by capitalization of from the balance of Retained Earnings subject to the approval of the\r\nmembers of the Company at the ensuing Annual General Meeting (AGM) and other regulatory\r\napprovals, as may be required.\r\nThe Company will notify the record date for determining the eligibility of members entitled to\r\nreceive the bonus shares in due course.