Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015, it is hereby informed that, considering the Record Date Wednesday, March 18, 2020 as Fixed by the Company, the meeting of the Board of Directors of the Company held today i.e. Thursday, March 19, 2020 have considered and approved the following; - Cancellation of Existing 40,88,400 equity shares of the Company including all rights and privileges of shareholders on such shares and - Issue & Allotment of Fresh 40,88,400 equity shares of Rs.10 each on such terms and condition as approved & directed by the Hon''ble National Company Law Tribunal, Mumbai Bench ('NCLT') and the Hon''ble National Company Law Appellate Tribunal, New Delhi ('NCLAT') vide its orders dated February 19, 2019 and June 11, 2019 respectively.