(1) Increase in authorized share capital of the company from Rs. 5 crores to Rs. 10 crores. (2) Issue and allotment of 16,00,000 (Sixteen Lakhs) Equity Shares, having face value of Rs.10/-(Rupees Ten Only) each at an issue price of Rs.20/- (including premium of Rs.10/-) (Rupees Ten Only) aggregating to ? 3,20,00,000/- (Rupees Three Crores and Twenty Lakhs Only on preferential basis to certain identified non-promotors ) (3) other business