The Board has passed the following resolutions in its meeting held today: 1. Approved the proposal to issue corporate guarantee on behalf of an entity with common Director and Promoter), for a loan to be availed by them. 2. in reference to the above passed resolutions under section 185, 186 of the Companies Act, 2013 for further approval of members. 3. approved the above mentioned related party transaction being "Material Related Party Transaction" for further approval of members. 4. Approved 16th May, 2016 as date of Extra Ordinary General Meeting to pass the resolutions under section 185,186 and 188.