Following Ordinary Resolutions were passed with majority in respect of Postal Ballot conducted 1. Issue of Bonus Shares 2. Increase in Authorized Share Capital of the Company from Rs. 1,50,00,000 divided into 15,00,000 equity shares of Rs. 10/- each to Rs. 3,00,00,000 divided into 30,00,000 equity shares of Rs. 10/- each by creation of additional 15,00,000 equity shares of Rs. 10/- each Consequently, Clause 5 of Memorandum of Association of the Company be substituted as follow: 5. The Authorized Share Capital of the Company is Rs. 3,00,00,000 divided into 30,00,000 equity shares of Rs. 10/- each. The Company will have power to increase or reduce the Capital and to divide the share into capital for lime being several classes and to attach thereto respectively any preference or special rights, privileges or conditions so that such rights shall not be alterable, otherwise than in pursuance to provision contained in the Articles of Association of the Company.'