Please find attached outcome of board meeting held on today and approved the following: 1. Increase in the authorized share capital of the Company and consequential amendment in the memorandum of association of the Company to such amount as may be determined by the Board of Directors. 2. Raising funds by way of preferential issue of equity shares, subject to all such regulatory and statutory approvals including approval of the shareholders of the company. 3. Issue of bonus shares to the equity shareholders of the Company subject to the approval of Shareholders of the Company. 4. Convening of an extra-ordinary general meeting to seek approval of the shareholders in respect of the aforesaid proposal of fund raising and increase in authorized share capital of the Company. 5. Appointment of M/s. M S K A & Associates (ICAI firm Registration Number: 105047W) as Statutory Auditor of the Company. We request you to take the above on record.