The Board of Directors of the Company ('Board') considered, deliberated and discussed, approved / noted the following matters: 1. Subject to the approval of the shareholders of the Company in the Extra-Ordinary General Meeting of the Company, the Authorised share capital of the company is hereby increased from Rs. 100 crores divided into 10,00,00,000 equity shares of face value Rs. 10/- per share to Rs. 200 crores divided into 20,00,00,000 equity shares of face value Rs. 10/- per share. 2. To Authorise Board to increase the Borrowing limits upto Rs. 100 Crores. 3. Subject to the approval of the shareholders of the Company in the Extra-Ordinary General Meeting of the Company, the name of the Company be and is hereby changed from M/s. KKRRAFTON DEVELOPERS LIMITED to M/s. BHARAT GLOBAL DEVELOPERS LIMITED or such other name as may be allowed by the Registrar of Companies.