Considered and approved the issue of 40 000 (Forty Thousand Only) Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs. 1 000/- (Rupees One Thousand Only) each for cash at par aggregating to Rs. 4 00 00 000/- (Rupees Four Crore only) on private placement basis in one or more tranches