The shareholders of the Company via resolution passed by postal ballot have approved amendments to clause V of Memorandum of Association in order to increase the Authorised Share Capital of the Company from Rs. 30,00,00,000/- (Indian Rupees Thirty Crore only) divided into 3,00,00,000 (Three crore) equity shares of Rs. 10/- (Ten rupees only) each to Rs. 60,00,00,000/- (Indian Rupees Sixty Crore only) divided into 6,00,00,000 (Six crore) equity shares of Rs. 10/- (Ten rupees only) each