Digjam: Intimation Of Outcome Of Board Meeting Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 ('SEBI Listing Regulations')

This has reference to our letter dated March 13 2021 and in accordance with Regulation 30 read with Schedule III of the SEBI Regulations we hereby inform you that the Board of Directors of the Company at their Meeting held today has transacted the following items of business:

1. Approved the issue and allotment of 1 80 00 000 Equity Shares and 27 00 000 Preference Shares to M/s. Finquest Financial Solutions Private Limited (Resolution Applicant) as per the approved Resolution Plan vide order dated May 27 2020 issued by the Honble National Company Law Tribunal Ahmedabad Bench.
2. Took on record the Shareholders whose shares will get Extinguished / Cancelled pursuant to order passed by the Honble National Company Law Tribunal Ahmedabad Bench in view of Record date
3. To Re-Classify Existing Promoter and Promoter Group to Public pursuant to approved Resolution Plan.