1.The board of directors took on records the queries received from BSE Ltd. (stock Exchange) on existing Preferential Issue In-principle application filed by company, accordingly board has decided to withdraw the pending in-principle application filed with BSE Ltd. for preferential issue of Warrants, and further the company will not do preferential issue of warrants and the same will be stand cancelled.\r\n2. The of board of directors consider and discuss the proposal for fund raising through right issue by issuance of equity shares of the Company for an amount not exceeding 49,00,00,000/- (Rupees Forty-Nine Crores Only) by way of Rights Issue to the eligible equity shareholders of the Company as on Record Date (to be determined and notified subsequently), in accordance with the applicable laws, including the Securities and Exchange Board of India SEBI \r\n