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| Exchange Received Time 24/10/2017 16:47:02 Exchange Disseminated Time 24/10/2017 16:47:08 Time Taken 00:00:06 | Further to our letter dated October 17, 2017, we hereby inform you that the Board of Directors of the Company at their meeting held today between 02.35 p.m. to 04.25 p.m. have transacted the following business agenda:
1.Approved the Unaudited Statement of Assets and Liabilities for the quarter ended on 30th June, 2017 for the limited purpose of the proposed Rights Issue. (Enclosed Annexure).
2.Approved the notice for Postal Ballot and Calendar Events prepared pursuant to Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014, to conduct a Postal Ballot for obtaining the approval of Members of the Company by Special Resolution for adoption and implementation of the VIP Employee Stock Option Scheme-2017 ('ESOS-2017').
3.Appointed M/s. RS & MP, Practising Company Secretary, Mumbai, as the Scrutinizer by the Board of Directors for conducting the Postal Ballot Process.
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