Considered and approved the issue of 40,000 (Forty Thousand Only) Unlisted Secured Redeemable Non-Convertible Debentures of face value of Rs. 1,000/- (Rupees One Thousand Only) each for cash at par, aggregating to Rs. 4,00,00,000/- (Rupees Four Crore only) on private placement basis in one or more tranches