1. Allotment of 85,30,00,000 (Eighty Five Crores Thirty Lacs) fully Convertible equity warrants ('Warrants') with each warrant convertible into or exchangeable for One (1) fully paid-up equity share of the Company of face value of Re. 1/- each ('the Equity Shares') at an Issue price of Rs. 1.05/- (Rupees One and Five Paisa only) including a premium of Rs. 0.05/- (Rupees Five Paisa Only) per Warrant, aggregating to Rs.89,56,50,000/- (Rupees Eighty Nine Crores Fifty Six Lacs Fifty Thousand Only) upon receipt of an amount aggregating to Rs.22,39,12,500/- (Rupees Twenty Two Crores Thirty Nine Lacs Twelve Thousand Five Hundred Only) being 25% as upfront payment to the Non-Promoter Group of the Company on Preferential Basis;