2. Alteration to capital clause of the Memorandum of Association
The Board subject to approval of Members of the Company approved amendment to Memorandum of Association to extent of sub-dividing the existing 80 (Eighty) Zero Coupon Optionally Convertible Preference Shares of Rs. 1 00 00 000 (Rupees One Crore Only) each to 80 00 00 000 (Eighty Crore) Zero Coupon Optionally Convertible Preference Shares of Re. 1 (Rupee One Only) each.