Pursuant to Regulation 30 read with Part A of Schedule III and all other applicable regulations, if any, of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting held today at its Registered Office at 66/67, Nariman Bhavan, Nariman Point, Mumbai 400021 has approved the following, subject to the approval of the Shareholders of the Company:
1. Sub-division of 1 (One) equity share of face value of Rs.10/- each into 5 (Five) equity shares of face value of Rs.2/- each.
2. Alteration in the Capital Clause 5 of the Memorandum of Association and Article 3 of the Articles of Association of the Company.