Please be informed that the Board of Directors has inter-alia approved the following:\r\n\r\n1. The issue of Bonus Shares in the ratio of 05:04 i.e. 05(Five) fully paid-up equity share for every 04(Four) existing equity share having face value of Rs. 2/- (Rupees Two only) each, to the eligible equity shareholders of the Company as on the record date, subject to the approval of the shareholders of the Company. The Record Date for bonus issue will be intimated in due course. \r\n\r\n2. Increase in authorized share capital of the company from Rs. 5,65,30,000 divided into 2,82,65,000 Equity Shares of Rs. 2/- each to Rs. 15,00,00,000 divided into 7,50,00,000 Equity Shares of Rs. 2/- each ranking pari - passu in all respect with the existing Equity Shares of the Company and consequent amendment in Capital Clause of the Memorandum of Association of the Company, subject to the approval of the shareholders of the Company. \r\n