There are no proposed allottees for whom the identity of natural persons is required tobe disclosed.

Relevant documents are open for inspection by the members at the Registered Office ofthe Company on all working days during business hours up to the date of the Meeting.

The Board of Directors of the Company believes that the proposed preferential issue isin the best interest of the Company and its members. The Board recommends Resolution No. 5of the Notice in relation to Preferential Issue of 3300000 Convertible Warrants at Rs.16/- each for your approval as Special Resolution.

Except Mr. Ashish Joshi and his relatives and Mr. Nikunj Savaliya and his relativesnone of the other Directors Key Managerial Personnel and their relatives are concerned orinterested in the resolution.