The Board of Directors of the Company at its meeting held today, has inter-alia considered and recommended the following, subject to approval of shareholders through Postal Ballot: a) Sub-division of equity shares from face value of ?10/- each to face value of ?5/- each, b) Issue of Bonus Shares in the ratio of 3:1 and c) Reclassification of Authorized Share Capital and consequent Alteration of Memorandum of Association of the Company.