Consequent to this conversion of warrants, 12,71,216 (post split 31,78,040) warrants remain outstanding and these warrant holders are entitled to get their warrants converted into equal number of equity shares of the Company by paying remaining 75% i.e., Rs.206.25/- (post split Rs. 82.50/- each) per warrant within 18 months from the date of allotment of Warrants.

Pursuant to present conversion, the issued, subscribed and paid up equity share capital of the Company stands increased to Rs.40,69,46,544/- consisting of 203473272 equity shares of Rs.2/- each.