Outcome of board meeting of Jyotirgamya Enterprises

Held on 27 November 2017

The Board of Jyotirgamya Enterprises at its meeting held on 27 November 2017 has approved the following -

a) The company has entered into Agreement to sell for purchase of property worth Rs. 1,80,05,000/- with Sahil Minhaj Khan and Saeed Ur Rehman. In lieu of that the company has decided to allot shares in exchange of consideration to be paid.

b) Increase in Authorise Share Capital from existing 12,50,000 Shares of face value of Rs. 10/- each to 28,00,000 Shares of face value of Rs. 10/- each. Increase of 15,50,000 shares of face value of Rs. 10/- each. Simultaneously, resulting in amendment in the Memorandum as well as in Articles of Association of the company.

c) Create, offer, issue and allot 13,00,000 (Thirteen Lacs) Equity shares ('Issue Shares') with voting rights of Rs.10/- each, on a preferential basis in full and final settlement of the contract value for a consideration other than cash to Sahil Minhaj Khan and Saeed Ur Rehman, proposed non-promoters allottees at a price of Rs.13.85/- per equity shares.

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