Approval of the Redemption of 5,00,000 (Nos), 0.01% Redeemable Non-Convertible, Non- Cumulative Preference Shares (unlisted) of the company out of 2876610 (Nos) 0.01% Redeemable Non-Convertible, Non-Cumulative Preference Shares issued by the company in FY 2015-16 out of the Distributable Profits of the Company