Company Profile

Rights Issue Inter alia, approved the following: Further the Board of Directors of the Company have taken the following decisions: 1) The Board has approved the increase in authorised share capital from Rs. 30,00,00,000 (Rupees Thirty Crores) divided into 3,00,00,000 (Three Crores) Equity Shares of Rs. 10 (Rupees Ten) each of the Company to Rs. 40,00,00,000 (Rupees Forty Crores) divided into 4,00,00,000 (Four Crores) Equity Shares of Rs. 10 (Rupees Ten) each. The Company would be seeking the consent of its shareholders for increasing the authorized share capital and the consequent amendment to the Memorandum of Association of the Company for such increase through Postal Ballot in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Board approved the offer and issuance of fully paid-up equity shares of the Company for an amount not exceeding Rs. 10 Crores (Rupees Ten Crores) by way of a Rights Issue to the eligible equity shareholders of the Company as on the record date (to be notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with the relevant circulars issued by the Securities and Exchange Board of India ("Rights Issue"). 3) The Board has constituted and authorized the 'Rights Issue Committee' to proceed with the Rights Issue forthwith, and, inter-alia, decide the other terms and conditions of the Rights Issue, including setting the record date, determining the price, appointment of intermediaries and various other related matters. 4) The Board has approved the Postal Ballot Notice seeking the consent of shareholders for increasing the authorized share capital and the consequent amendment to the Memorandum of Association of the Company. S) The Board has approved the appointment of Vi nay B L, Practicing Company Secretary, Bangalore as the 'Scrutinizer' for the purpose of Postal Ballot. 6) The Board has approved the appointment of M/s. National Securities Depository Limited (NSDL) as the e-voting agency in connection with the Postal Ballot. 7) The Board has approved the appointment of Mr. Sandeep Kumar Goyal, Whole Time Director as Occupier for Factories at Mysore (Karnataka) and Baddi (Himachal Pradesh) under the Factories Act, 1948.

Rights Issue Inter alia, approved the following: Further the Board of Directors of the Company have taken the following decisions: 1) The Board has approved the increase in authorised share capital from Rs. 30,00,00,000 (Rupees Thirty Crores) divided into 3,00,00,000 (Three Crores) Equity Shares of Rs. 10 (Rupees Ten) each of the Company to Rs. 40,00,00,000 (Rupees Forty Crores) divided into 4,00,00,000 (Four Crores) Equity Shares of Rs. 10 (Rupees Ten) each. The Company would be seeking the consent of its shareholders for increasing the authorized share capital and the consequent amendment to the Memorandum of Association of the Company for such increase through Postal Ballot in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Board approved the offer and issuance of fully paid-up equity shares of the Company for an amount not exceeding Rs. 10 Crores (Rupees Ten Crores) by way of a Rights Issue to the eligible equity shareholders of the Company as on the record date (to be notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with the relevant circulars issued by the Securities and Exchange Board of India ("Rights Issue"). 3) The Board has constituted and authorized the 'Rights Issue Committee' to proceed with the Rights Issue forthwith, and, inter-alia, decide the other terms and conditions of the Rights Issue, including setting the record date, determining the price, appointment of intermediaries and various other related matters. 4) The Board has approved the Postal Ballot Notice seeking the consent of shareholders for increasing the authorized share capital and the consequent amendment to the Memorandum of Association of the Company. S) The Board has approved the appointment of Vi nay B L, Practicing Company Secretary, Bangalore as the 'Scrutinizer' for the purpose of Postal Ballot. 6) The Board has approved the appointment of M/s. National Securities Depository Limited (NSDL) as the e-voting agency in connection with the Postal Ballot. 7) The Board has approved the appointment of Mr. Sandeep Kumar Goyal, Whole Time Director as Occupier for Factories at Mysore (Karnataka) and Baddi (Himachal Pradesh) under the Factories Act, 1948.

Rights Issue Inter alia, approved the following: Further the Board of Directors of the Company have taken the following decisions: 1) The Board has approved the increase in authorised share capital from Rs. 30,00,00,000 (Rupees Thirty Crores) divided into 3,00,00,000 (Three Crores) Equity Shares of Rs. 10 (Rupees Ten) each of the Company to Rs. 40,00,00,000 (Rupees Forty Crores) divided into 4,00,00,000 (Four Crores) Equity Shares of Rs. 10 (Rupees Ten) each. The Company would be seeking the consent of its shareholders for increasing the authorized share capital and the consequent amendment to the Memorandum of Association of the Company for such increase through Postal Ballot in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Board approved the offer and issuance of fully paid-up equity shares of the Company for an amount not exceeding Rs. 10 Crores (Rupees Ten Crores) by way of a Rights Issue to the eligible equity shareholders of the Company as on the record date (to be notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with the relevant circulars issued by the Securities and Exchange Board of India ("Rights Issue"). 3) The Board has constituted and authorized the 'Rights Issue Committee' to proceed with the Rights Issue forthwith, and, inter-alia, decide the other terms and conditions of the Rights Issue, including setting the record date, determining the price, appointment of intermediaries and various other related matters. 4) The Board has approved the Postal Ballot Notice seeking the consent of shareholders for increasing the authorized share capital and the consequent amendment to the Memorandum of Association of the Company. S) The Board has approved the appointment of Vi nay B L, Practicing Company Secretary, Bangalore as the 'Scrutinizer' for the purpose of Postal Ballot. 6) The Board has approved the appointment of M/s. National Securities Depository Limited (NSDL) as the e-voting agency in connection with the Postal Ballot. 7) The Board has approved the appointment of Mr. Sandeep Kumar Goyal, Whole Time Director as Occupier for Factories at Mysore (Karnataka) and Baddi (Himachal Pradesh) under the Factories Act, 1948.

Rights Issue & Quarterly Results & Inter alia, To consider and approve the Raising of Funds by issue of Equity Shares by way of Right Issue Basis as may be permitted under applicable laws.