The Board of Directors in their meeting held today, inter alia, considered and approved: 1. alteration of the Object Clause of the Memorandum of Association ('MOA') of the Company, subject to the approval of the members. 2. notice of the 40th Annual General Meeting of the Company. 3. entering into Franchise Agreements for a strategic partnership with Time Out Market Limited and Time Out England Limited ('Time Out Group') to launch 'Time Out India.