Company Profile

Rights Issue Inter alia, approved:- 1) (A) Appointment of Mr. ANMOL VERMA (DIN - 10105072), (PAN ? AISPV7748J) as Additional Non-Executive Non - Independent Director for a period upto 5 (five) years w.e.f. 19.04.2024. {DIR-2 attached} (B) Appointment of Ms. ANUPMA KASHYAP (DIN - 09720124) (PAN ? BJIPK1134K), as Additional Non-Executive Independent Director for a period upto 5 (five) years w.e.f. 19.04.2024. {DIR-2 attached} 2) (A) Resignation Letter dated 09.04.2024 of Mr. Jitendra Kumar (DIN: 06614727), from the post of ? Independent Director * of the Company, was placed, read out & taken on record. (B) Resignation Letter dated 10.04.2024 of Mr. Deepak Gupta (DIN: 07580266), from the post of ? Independent Director ? of the Company, was placed, read out & taken on record. 3) Increase in Authorised Share Capital : The Board considered & approved the increase in Authorised Capital of the Company from existing Rs. 4,00,00,000 (Rupees Four Crores) divided into 40,00,000 (Forty Lakhs) Equity Shares of Rs.10/- (Rupees Ten cach) to Rs. 16,50,00,000/- (Rupees Sixteen Crores Fifty Lakhs Only) divided into 1,65,00,000 (One Crore Sixty Five Lakhs) Equity Shares of Rs. 10/- (Rupees Ten each). Accordingly, Capital Clause of the MoA will also be replaced / substituted subject to approval(s) of Shareholder?s / Member's. 4) Raising of Funds through Rights Issue of Equity Shares : The Board of Directors considered & approved Raising of Funds by way of Rights Issue of Equity Shares of the face value of Rs. 10/- each, to the eligible equity shareholders of the Company, on ?Rights Issue Basis? for a value not exceeding Rs. 48.00 Crores, 5) Constitution of Right Issue Committee : The Board considered & constituted a ?Right Issue Committee?, to decide on the matters relating to right issue which includes, inter-alia, to approval of the draft letter of offer, letter of offer along with any amendments, modifications, supplements, notices or corrigenda, etc., thereto, approval of pricing and terms of the equity shares, right entitlement and ratio, date of on-market renunciation, the bid-issue opening and closing date, discount (if any) and all other related matters, including the determination of the minimum subscription for the issue in accordance with applicable laws, other terms and conditions and all other related and ancillary matters and other applicable rules, regulations & laws, etc. 6) Other Matters & issues were taken up for consideration and stand unanimously approved/ resolved/ adopted by the Board of Directors : - I. The Chairman also placed before the meeting, a Trial Balance for F. Y. ended 31.03.2024 alongwith Schedules, etc., & apprised the Board about the various details, income, expenses, activities, etc., and stated that the said Accounts are under audit by the Internal Auditors & Statutory Auditors. IL. Re-Constitution of Various Committee(s) Il. De- Listing of Equity Shares from CSE Ltd.

Rights Issue Inter alia, approved:- 1) (A) Appointment of Mr. ANMOL VERMA (DIN - 10105072), (PAN ? AISPV7748J) as Additional Non-Executive Non - Independent Director for a period upto 5 (five) years w.e.f. 19.04.2024. {DIR-2 attached} (B) Appointment of Ms. ANUPMA KASHYAP (DIN - 09720124) (PAN ? BJIPK1134K), as Additional Non-Executive Independent Director for a period upto 5 (five) years w.e.f. 19.04.2024. {DIR-2 attached} 2) (A) Resignation Letter dated 09.04.2024 of Mr. Jitendra Kumar (DIN: 06614727), from the post of ? Independent Director * of the Company, was placed, read out & taken on record. (B) Resignation Letter dated 10.04.2024 of Mr. Deepak Gupta (DIN: 07580266), from the post of ? Independent Director ? of the Company, was placed, read out & taken on record. 3) Increase in Authorised Share Capital : The Board considered & approved the increase in Authorised Capital of the Company from existing Rs. 4,00,00,000 (Rupees Four Crores) divided into 40,00,000 (Forty Lakhs) Equity Shares of Rs.10/- (Rupees Ten cach) to Rs. 16,50,00,000/- (Rupees Sixteen Crores Fifty Lakhs Only) divided into 1,65,00,000 (One Crore Sixty Five Lakhs) Equity Shares of Rs. 10/- (Rupees Ten each). Accordingly, Capital Clause of the MoA will also be replaced / substituted subject to approval(s) of Shareholder?s / Member's. 4) Raising of Funds through Rights Issue of Equity Shares : The Board of Directors considered & approved Raising of Funds by way of Rights Issue of Equity Shares of the face value of Rs. 10/- each, to the eligible equity shareholders of the Company, on ?Rights Issue Basis? for a value not exceeding Rs. 48.00 Crores, 5) Constitution of Right Issue Committee : The Board considered & constituted a ?Right Issue Committee?, to decide on the matters relating to right issue which includes, inter-alia, to approval of the draft letter of offer, letter of offer along with any amendments, modifications, supplements, notices or corrigenda, etc., thereto, approval of pricing and terms of the equity shares, right entitlement and ratio, date of on-market renunciation, the bid-issue opening and closing date, discount (if any) and all other related matters, including the determination of the minimum subscription for the issue in accordance with applicable laws, other terms and conditions and all other related and ancillary matters and other applicable rules, regulations & laws, etc. 6) Other Matters & issues were taken up for consideration and stand unanimously approved/ resolved/ adopted by the Board of Directors : - I. The Chairman also placed before the meeting, a Trial Balance for F. Y. ended 31.03.2024 alongwith Schedules, etc., & apprised the Board about the various details, income, expenses, activities, etc., and stated that the said Accounts are under audit by the Internal Auditors & Statutory Auditors. IL. Re-Constitution of Various Committee(s) Il. De- Listing of Equity Shares from CSE Ltd.

Rights Issue & Increase in Authorised Capital & Right Issue of Equity Shares