Outcome of the Board Meeting for allotment of 86620000 convertible share warrants ('warrants') at issue price of Rs. 4.31/- per warrant to person belonging to Promoter & Non-promoter category. Further the conversion of 7730000 warrants into 7730000 Equity shares of face value of Re. 01/- each by the way of preferential allotment to the persons/entities pursuant to exercise of their right of conversion of warrants into equity shares. Kindly note that the meeting of the Board of Directors commenced at 11:30 A.M. and concluded at 12:30 P.M.