We wish to inform you that Board of Directors of the Company in its meeting held today, inter-alia, considered and transacted the following businesses: 1. Increase the borrowing limits as provided under section 180(1)(c) of the Companies Act, 2013. Subject to the approval of Shareholders by way of Special Resolution. 2. To make loans, give guarantee, and provide securities or make investment by the company to comply with Section 186 of the Companies Act, 2013 subject to approval of shareholders by way of Special Resolution. 3. To advance any loan, give any guarantee or to provide any security to all such person specified under section 185 of the Companies Act, 2013 subject to the approval of Shareholders by way of Special Resolution. 4. Approved Raising of Funds through Secured/Unsecured Loan with an option of Conversion of such loan into Equity Shares subject to prior approval of shareholders.