With reference to Regulation 30(6) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith brief proceedings of the Extra Ordinary General Meeting (EOGM) of the Company held on Thursday, January 31, 2019 at 1.00 pm at the Registered Office of the Company at Plot No.1, GIDC Industrial estate, Valia Road, Jhagadia, Dist. Bharuch, Gujarat - 393110, the meeting concluded at 2.00 pm: 1. Members by an ordinary resolution have approved reclassification of authorized share capital. 2. Members by a special resolution have approved the proposal for issue and allotment of upto 24,250,000 Redeemable Preference shares of Rs.10 each aggregating to Rs.242,500,000/- (Rupees Twenty Four Crore Twenty Five Lakh Only) on private placement basis.. 3. Members by a special resolution have approved the proposal for issue and allotment of upto 38,974,352 equity shares of face value of Rs.6/- each at a price of Rs.23.40/- per share and upto 33,287,177 warrants carrying option to subscribe (in the ratio of one equity share for one warrant) to 33,287,177 equity shares of Rs.6/- each fully paid at the issue price of Rs.23.40 per equity share. 4. Members by a special resolution have granted an enabling authority for conversion of loan / debt into equity shares upon exercise of the option in case of default by the Company in terms of RBI notification / guidelines.