The Company has considered and approved: The Draft Letter of Offer ("DLOF") for raising of funds by way of Right Issue of equity shares of the Company of face value Re. 1/- (Rupee One Only) each at such price, at a premium or discount to the market price such that the aggregate value (including premium, if any) does not exceed Rs. 49,00,00,000/- (Rupees Forty-nine Crore Only), to the eligible equity shareholders of the Company as on record date (to be determined by the Board in due course) subject to receipt of statutory/regulatory approvals, as may be applicable in accordance with the relevant regulations, circulars, notifications issued by the Securities and Exchange Board of India and any other law as may be applicable.