1. Considered and Decided to issue 1,50,00,000 (One Crore Fifty Lacs) Warrants convertible into equity shares on preferential basis ('Preferential Issue') at the price of Rs.10/- per warrant 2. Considered and Decided to issue 1,50,00,000 (One Crore Fifty Lacs) Warrants convertible into equity shares on preferential basis ('Preferential Issue') at the price of Rs.10/- per warrant 3. Considered and Approved the Notice of Extra Ordinary General Meeting of the Company, 4. 4. The Board also took note of the Share Purchase Agreement ('SPA') entered into by Mr. Yogendra Harilal Machchhar ('Promoter') who agreed to sell 1,72,800 Equity Shares representing 1.82% of the present paid up equity share capital of the Company to Mr. Dhruvin Shah & Mr. Sagar Samir Shah [collectively referred to as 'Acquirers'].