We would like to inform that the Allotment Committee of the Board of Directors of the Company met today considered and approved the allotment of 1 16 00 000 (One Crore Sixteen Lakh) equity shares @ Rs. 10/- each on preferential basis (totaling to Rs. Eleven Crore Sixty Lakhs only) to M/s. Mark AB Capital Investment LLC. as approved by the Shareholders of the Company and the Resolution Plan approved by the lenders of the Company.The details of approval and allotment are given in the enclosed letter.The same may be taken on record.
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