The Board has considered and approved the allotment of 7,93,650 (Seven Lakh Ninety-Three Thousand Six Hundred Fifty) Equity Convertible Warrants of the Company of face value of ? 10/- each, carrying an entitlement to subscribe for equivalent number of fully paid-up Equity Shares of the Company, in dematerialized form, on Preferential allotment basis to Non-Promoter group at a price of Rs. 315/- (Rupees Three Hundred and Fifteen Only) per warrant including premium of Rs. 305/- (Rupees Three Hundred and Five Only per warrant)