The Board of directors of the Company in their meeting held today has considered and approved following; 1.Alteration of main object clause of the Company by inserting new clause; 2. Raising of funds up to an aggregate amount of not exceeding INR 100 Crores (Rupees One Hundred Crores only) by of(i)issue of equity shares, preference shares or other securities through private placement cum preferential basis; or(ii)borrowing money from any one or more Banks, Financial Institutions,or Bodies Corporate;or(iii)any other permissible mode or through a combination thereof; 3. Authority for creation of security on the properties of the Company,both present and future; 4. Execution of Memorandum of Understating with M/s. Magic Bag for manufacturing of paper bags; 5. Appointment of Internal Auditor for the F.Y.2020-21; 6. Appointment Secretarial Auditor for F.Y.2019-20. However, Due to some unforeseen circumstances, the Chief Financial Officer (CFO) of the Company has not appointed by the Board.