Pursuant to the Regulation 30 and Schedule III Part A of SEBI Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 ('SEBI Circular'), we wish to inform that a Committee of the Board of Directors of Antony Lara Enviro Solutions Private Limited ('Antony Lara') a material subsidiary of our company at its meeting held today have approved the conversion of 3,50,942 - 9% Optionally Convertible Preference Shares of ?10/- each ('OCPS') into 3,50,942 fully paid-up Equity shares of ?10/- each (i.e., in the ratio of 1:1), held by our Company.