We would like to inform you that the Allotment Committee of the Board of Directors of the Company had met today had considered and approved the allotment of 33000000 (three crore thirty lakh only) equity shares @ Rs.10/- each on Preferential Basis (totaling to Rs.33 00 00 000/-) (Rupees thirty three crores only) to M/s. MARK AB CAPITAL INVESTMENT LLC. as approved by the Shareholders of the Company and also in line with the Resolution Plan approved by the lender of the Company for conversion of Part of their dues.We now request you to take the same on record.
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