Kalindee Rail Nirman (Engineers) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 20, 2012, has approved the following:- To issue 55,00,000 nos. of Convertible Warrants Group on preferential basis to Non Promoter(s) / Group.- The board has authorised Mr. R. D. Sharma, Chairman cum Managing Director and Ms. Kalpana Gemini, Director of the Company to take necessary action as may be required under the necessary Regulations.