The Board of Directors have considered and approved 1. Allotment of 10 90 000 Equity Shares of face value of Rs. 10/- each fully paid to persons belonging to Promoter & Promoter Group.2. Allotment of 28 70 000 unlisted fully paid non-cumulative non-participating 0.1% Compulsorily Convertible Preference Shares ("CCPS?) of face value of Rs. 10/- each to persons belonging to Promoter & Promoter Group