The Board of Directors of the Company at their meeting held on February 12, 2013 have decided to convene an Extra-ordinary General Meeting of the shareholders of the Company scheduled to be held on 18th March, 2013 inter alia to consider and seek enabling approval for:
1. Preferential allotment of shares to Sumitomo Wiring Systems Limited, a promoter of the Company up to 14,698,656 equity shares i.e. 2.5% of existing equity shares.
2. Issue of shares to Qualified Institutional Buyer through Qualified Institutions Placement up to 44,095,968 equity shares i.e. 7.5% of existing equity shares.