The Board has inter aila considered to issue and allot 1,20,00,000 6% Non-Cumulative Redeemable Preference Shares (NCRPS) of Rs. 10 /- each to the existing NCRPS holders of equivalent to the amount of unredeemed preference shares of Rs. 12,00,00,000 subject to requisite approval of majority NCRPS holders and NCLT, Ahmedabad