The Board of Directors of the Company, in their Board Meeting held on February 3, 2023, at the Registered Office of the Company have Recommended, subject to the approval of shareholders, increase in the Authorized Share Capital of the Company, from the present of Rupees 12,00,00,000/- divided into 1,20,00,000 equity shares of Rupees 10/- each to Rupees 15,00,00,000/- divide into 1,50,00,000 equity shares of Rupees 10/- each and consequent amendment in the Capital Clause (Clause V) of Memorandum of Association of the Company; Approved issue of up to 1104055 Equity Shares of Rupees 10/- each of the Company, on preferential basis, to Proposed Allottees, on such terms and conditions as may be determined by the Board and subject to the approval of the Shareholders of the Company and applicable regulatory authorities as the case may be, in accordance with the SEBI ICDR Regulations, Companies Act, 2013 and other applicable laws alongwith other agenda.