We are pleased to inform you that the Board of Directors of the Company at its meeting held on 18th January, 2019 have allotted 71150 5% Redeemable Preference Shares of Rs. 100/- each (Total amount Rs. 71,15,000) on a Private Placement basis to Indra Buildcon Pvt. Ltd (50150 5% Redeemable Preference Shares of Rs. 100/- each) and Smt. Prabhadevi Kanoria (21000 5% Redeemable Preference Shares of Rs. 100/- each).