Prag Bosimi Synthetics Ltd

The Board has considered and approved the issue of 6% Optionally Cumulative Convertible Debentures (which Can be converted into Preferences shares after 3 years if desired at the option of the Debenture holder) by way of conversion of unsecured loans received from Associate companies of Private Promoter with subsequent approval in the AOA subject to the approval of the members in the General Meeting.