Company Profile

Bonus Issue Inter alia, have considered and approved the following business matters: 1. In order to attract and retain talent, the Board has decided to initiate Employee Benefit Program through Employee Stock Option Scheme (ESOP). The Company shall engage consultants to facilitate the ESOP. Further developments related to ESOP shall be communicated to the stock exchange in due course. 2. As the Company is not falling under the ambit for maintenance of Statutory Reserves, the Statutory Reserves as reflecting in the audited financial statements as on 31st March 2023, be reclassified as General Reserve. Such Free Reserves being made available for distribution as dividend to the shareholders of the Company. 3. Raising of funds upto Rs. 49,90,00,000/- (Rupees Forty-Nine Crores Ninety Lakhs only) through Rights Issue of Equity Shares of the Company, subject to necessary regulatory approvals as may be required 4. Resignation of Mr. Motibhai Rabari (DIN: 08573080) as a Managing Director of the Company w.e.f. 24th January 2024. 5. Resignation of Mr. Udaybhai Patel (DIN: 08068806) as an Independent Director of the Company w.e.f. 24th January 2024. 6. Resignation of Ms. Chandni Solanki (DIN: 08705082) as an Independent Director of the Company w.e.f. 24th January 2024. 7. Appointment of Mr. Richard Desouza as a Chief Executive Officer of the Company w.e.f. 24th January 2024. 8. Appointment of Mr. Rohit Singh (DIN: 10455367) as an additional Non-executive, Independent Director of the Company w.e.f. 24th January 2024. 9. Appointment of Mrs. Anupriya Sharma (DIN: 10477666) as an additional Non-executive, Independent Director of the Company w.e.f. 24th January 2024. 10. Regularization of appointment of Mr. Rohit Singh (DIN: 10455367) as an Independent Director of the Company, subject to approval of the members. 11. Regularization of appointment of Mrs. Anupriya Sharma (DIN: 10477666) as an Independent Director of the Company, subject to approval of the members. 12. Sub-Division/Split of existing fully paid-up equity share of the Company from 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each to 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each, subject to approval of members. The record date for sub-division/split shall be decided by the board and will be intimated to stock exchange in due course. 13. Alteration of Capital Clause of the Memorandum of Association of the Company pursuant to sub-division/split of equity shares, subject to the approval of members. 14. Increase in Authorised Share Capital of the Company from Rs. 16,00,00,000/- (Rupees Sixteen Crores only) to Rs. 45,00,00,000/- (Rupees Forty-Five Crore only) having face value of Rs. 2/- (Rupees Two only) each and consequent alteration of the Memorandum of Association of the Company; subject to the approval of members of the Company. 15. Issue of 5,10,00,000 (Five Crores Ten Lakh) Bonus equity shares in the ratio of 1:1 i.e. 1 (One) fully paid-up equity share for every 1 (One) existing equity share having face value of Rs. 2/- (Rupees Two only) each, held by the members of the Company as on Record Date, subject to necessary approvals as may be required. 16. Shifting of Registered office of the Company from the state of Delhi to the state of Maharashtra, subject to approval of members. 17. Approval of Postal Ballot notice for obtaining members approval through postal ballot 18. Appointment of M/s. Jaymin Modi & Co., Company Secretaries (COP: 16948 and PRC: 2146/2022) as the Scrutinizer for the proposed Postal Ballot. 19. The cut-off date for the purpose of e-voting is 19th January 2024. 20. E-voting shall commence from 30th January 2024 and concludes on 28th February 2024.

Bonus Issue Inter alia, have considered and approved the following business matters: 1. In order to attract and retain talent, the Board has decided to initiate Employee Benefit Program through Employee Stock Option Scheme (ESOP). The Company shall engage consultants to facilitate the ESOP. Further developments related to ESOP shall be communicated to the stock exchange in due course. 2. As the Company is not falling under the ambit for maintenance of Statutory Reserves, the Statutory Reserves as reflecting in the audited financial statements as on 31st March 2023, be reclassified as General Reserve. Such Free Reserves being made available for distribution as dividend to the shareholders of the Company. 3. Raising of funds upto Rs. 49,90,00,000/- (Rupees Forty-Nine Crores Ninety Lakhs only) through Rights Issue of Equity Shares of the Company, subject to necessary regulatory approvals as may be required 4. Resignation of Mr. Motibhai Rabari (DIN: 08573080) as a Managing Director of the Company w.e.f. 24th January 2024. 5. Resignation of Mr. Udaybhai Patel (DIN: 08068806) as an Independent Director of the Company w.e.f. 24th January 2024. 6. Resignation of Ms. Chandni Solanki (DIN: 08705082) as an Independent Director of the Company w.e.f. 24th January 2024. 7. Appointment of Mr. Richard Desouza as a Chief Executive Officer of the Company w.e.f. 24th January 2024. 8. Appointment of Mr. Rohit Singh (DIN: 10455367) as an additional Non-executive, Independent Director of the Company w.e.f. 24th January 2024. 9. Appointment of Mrs. Anupriya Sharma (DIN: 10477666) as an additional Non-executive, Independent Director of the Company w.e.f. 24th January 2024. 10. Regularization of appointment of Mr. Rohit Singh (DIN: 10455367) as an Independent Director of the Company, subject to approval of the members. 11. Regularization of appointment of Mrs. Anupriya Sharma (DIN: 10477666) as an Independent Director of the Company, subject to approval of the members. 12. Sub-Division/Split of existing fully paid-up equity share of the Company from 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each to 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each, subject to approval of members. The record date for sub-division/split shall be decided by the board and will be intimated to stock exchange in due course. 13. Alteration of Capital Clause of the Memorandum of Association of the Company pursuant to sub-division/split of equity shares, subject to the approval of members. 14. Increase in Authorised Share Capital of the Company from Rs. 16,00,00,000/- (Rupees Sixteen Crores only) to Rs. 45,00,00,000/- (Rupees Forty-Five Crore only) having face value of Rs. 2/- (Rupees Two only) each and consequent alteration of the Memorandum of Association of the Company; subject to the approval of members of the Company. 15. Issue of 5,10,00,000 (Five Crores Ten Lakh) Bonus equity shares in the ratio of 1:1 i.e. 1 (One) fully paid-up equity share for every 1 (One) existing equity share having face value of Rs. 2/- (Rupees Two only) each, held by the members of the Company as on Record Date, subject to necessary approvals as may be required. 16. Shifting of Registered office of the Company from the state of Delhi to the state of Maharashtra, subject to approval of members. 17. Approval of Postal Ballot notice for obtaining members approval through postal ballot 18. Appointment of M/s. Jaymin Modi & Co., Company Secretaries (COP: 16948 and PRC: 2146/2022) as the Scrutinizer for the proposed Postal Ballot. 19. The cut-off date for the purpose of e-voting is 19th January 2024. 20. E-voting shall commence from 30th January 2024 and concludes on 28th February 2024.

Bonus Issue Inter alia, have considered and approved the following business matters: 1. In order to attract and retain talent, the Board has decided to initiate Employee Benefit Program through Employee Stock Option Scheme (ESOP). The Company shall engage consultants to facilitate the ESOP. Further developments related to ESOP shall be communicated to the stock exchange in due course. 2. As the Company is not falling under the ambit for maintenance of Statutory Reserves, the Statutory Reserves as reflecting in the audited financial statements as on 31st March 2023, be reclassified as General Reserve. Such Free Reserves being made available for distribution as dividend to the shareholders of the Company. 3. Raising of funds upto Rs. 49,90,00,000/- (Rupees Forty-Nine Crores Ninety Lakhs only) through Rights Issue of Equity Shares of the Company, subject to necessary regulatory approvals as may be required 4. Resignation of Mr. Motibhai Rabari (DIN: 08573080) as a Managing Director of the Company w.e.f. 24th January 2024. 5. Resignation of Mr. Udaybhai Patel (DIN: 08068806) as an Independent Director of the Company w.e.f. 24th January 2024. 6. Resignation of Ms. Chandni Solanki (DIN: 08705082) as an Independent Director of the Company w.e.f. 24th January 2024. 7. Appointment of Mr. Richard Desouza as a Chief Executive Officer of the Company w.e.f. 24th January 2024. 8. Appointment of Mr. Rohit Singh (DIN: 10455367) as an additional Non-executive, Independent Director of the Company w.e.f. 24th January 2024. 9. Appointment of Mrs. Anupriya Sharma (DIN: 10477666) as an additional Non-executive, Independent Director of the Company w.e.f. 24th January 2024. 10. Regularization of appointment of Mr. Rohit Singh (DIN: 10455367) as an Independent Director of the Company, subject to approval of the members. 11. Regularization of appointment of Mrs. Anupriya Sharma (DIN: 10477666) as an Independent Director of the Company, subject to approval of the members. 12. Sub-Division/Split of existing fully paid-up equity share of the Company from 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each to 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each, subject to approval of members. The record date for sub-division/split shall be decided by the board and will be intimated to stock exchange in due course. 13. Alteration of Capital Clause of the Memorandum of Association of the Company pursuant to sub-division/split of equity shares, subject to the approval of members. 14. Increase in Authorised Share Capital of the Company from Rs. 16,00,00,000/- (Rupees Sixteen Crores only) to Rs. 45,00,00,000/- (Rupees Forty-Five Crore only) having face value of Rs. 2/- (Rupees Two only) each and consequent alteration of the Memorandum of Association of the Company; subject to the approval of members of the Company. 15. Issue of 5,10,00,000 (Five Crores Ten Lakh) Bonus equity shares in the ratio of 1:1 i.e. 1 (One) fully paid-up equity share for every 1 (One) existing equity share having face value of Rs. 2/- (Rupees Two only) each, held by the members of the Company as on Record Date, subject to necessary approvals as may be required. 16. Shifting of Registered office of the Company from the state of Delhi to the state of Maharashtra, subject to approval of members. 17. Approval of Postal Ballot notice for obtaining members approval through postal ballot 18. Appointment of M/s. Jaymin Modi & Co., Company Secretaries (COP: 16948 and PRC: 2146/2022) as the Scrutinizer for the proposed Postal Ballot. 19. The cut-off date for the purpose of e-voting is 19th January 2024. 20. E-voting shall commence from 30th January 2024 and concludes on 28th February 2024.