String Metaverse: Board Meeting-Outcome of Board Meeting

The Board of Directors of the Company at its meeting held on April 17, 2018, inter alia, has considered the following:

1.Decided to acquire 49% stake in M/s. Challenger Crop Care Technologies Pvt. Ltd (hereinafter to be referred as CCCTPL) through share swap subject to approvals from statutory agencies.
2.Decided to convert unsecured loans amounting to Rs. 200 lakhs into preference shares at a coupon rate.
3.Decided to increase the authorized capital of the company subject to approvals from statutory agencies.
4.Decided to hold EGM on June 15th , 2018 for the above mentioned purposes. There will not be any book closure or record date for the purpose of EGM.

The meeting commenced at 11.00 A.M. and concluded at 4.00 P.M.
Please take the above into your consideration.