We would like to inform that the Allotment Committee of the Board of Directors of the Company met today, considered and approved the allotment of 1,52,00,000 (One Crore Fifty-two lakh only) equity shares @ Rs.10/- each on Preferential Basis (totaling to Rs.15,20,00,000/-) (Rupees Fifteen crore and twenty lakh only) to M/s. MARK AB CAPITAL INVESTMENT LLC., as approved by the Shareholders of the Company and the Resolution Plan approved by the lenders of the Company. ...Detailed letter enclosed