This is to inform you that the board of director of the company at their meeting held on today at 4 pm with proper quorum have considered, recommended and approved the following amongst other matters:

a. Audited Financial statements for the year and 4th quarter and year ended on 31st March, 2021

b. Auditors' report of the statutory auditors on the financial statements for year and 4th quarter ended on 31st March, 2021

c. The board has approved the scheme of arrangement with unsecured creditors subject to the approval of the members, stock exchange and National Company Law Board, Southern Region Bench, Chennai and other statutory authorities