Subject to necessary approvals, Approved Raising of funds by way of (a) issue of 27,00,000 Equity Shares of Face Value of Rs. 10/- each to Non-Promoter on preferential allotment basis at offer price of Rs. 21.00/- each, (b) issue of 34,88,000 Convertible Warrants to Non-Promoter on preferential allotment basis at offer price of Rs. 21.00/- each and approved Notice of Annual General Meeting of Company.