Conversion of 1,01,54,056 warrants into 1,01,54,056 Equity Shares of face value Rs. 2/- each out of the warrants allotted by way of preferential allotment to the following persons/entities pursuant to exercise of their right of conversion of warrants into Equity Shares and accordingly the Board of Directors have allotted 1,01,54,056 Equity Shares of face value of Rs.2/- each fully paid up on account of conversion. (Annexure I) Pursuant to conversion, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs. 49,00,23,112/- consisting of 24,50,11,556 fully paid-up Equity Shares of Rs. 2/- each. The new equity shares so allotted shall rank pari-pasu with the existing equity shares of the Company.