The Board of Directors pursuant to the provisions of the Companies Act, 2013, along with rules made thereunder, each as amended, the Securities and Exchange Board of India {Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations"), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended {"listing Regulations") had approved the following matters: 1. Conversion of 17,47,966 partly paid-up equity shares to fully paid-up Equity Shares of face value INR 10.00 {Indian Rupees Ten) per share of the eligible shareholders of the Company pursuant to the payment of application, first call and second and final call money notice issued by the Company; 2. To apply to BSE Limited for obtaining listing cum trading approval pursuant to the aforesaid conversion of shares; 3. To issue a forfeiture cum final demand notice to shareholders holding 77,411 partly paid equity shares of the Company.