With reference to the captioned subject we have to inform you that the Company in its Board meeting held on 5th September, 2020, in which they have approved the Notice of Annual General Meeting which inter alia includes the consolidation of shares subject to the approval of shareholders in the Annual General Meeting, Accordingly, the Issued, subscribed and paid up equity capital of Rs. 1,44,37,600 consisting of 72,18,800 Equity Shares of Rs. 2/- each be divided into 14,43,760 Equity Shares of Rs. 10/- each by consolidating in such manner that every Five of the existing equity shares of Rs. 2/- each shall constitute one Equity Share of Rs. 10 each fully paid with effect from the record date as may be determined by the Board of Directors