This is to inform you that the Board of Directors shall discuss on the captioned subject and recommend to the Members the sub-division of each equity share having nominal value of Rs. 5/- (Rupees Five Only) into nominal value of Re. 1/- (Rupee One Only), each fully paid-up ranking pari-passu in all respects with effect from such date as may be fixed for this purpose (Record date) by the Board (hereinafter the term Board shall be deemed to encompass any committee formed by the Board, including those constituted by the Board subsequently of the Company, subject to Members approval through Postal Ballot mechanism.
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