The Authorised Share Capital of the Company is  20,00,00,000/- (Rupees twenty crores only) divided
into 4,00,00,000 (Four Crore) equity shares of ¢ 5/- (Rupees Five only) each, with power to increase or
reduce the capital of the Company and to divide the shares in the capital for the time being into several
classes and to attach thereto respectively such preferential, deferred, qualified or special rights,
privileges or conditions as may be determined by or in accordance with the Articles of Association of the
Company and to vary, modify, amalgamate or abrogate any such rights, privileges or conditions in such
manner as may be for the time being provided by the Articles of Association of the Company.

* Altered vide Special Resolution passed at the Extraordinary General meeting held on 30.04.2018

Allotment of Shares

4.

Subject to the applicable provisions of the Act and these Articles, the shares of the Company shall be
under the control of the Directors who may allot or otherwise dispose of the same.

Alteration of share capital

Ss

Subject to the provisions of Section 61 of the Act and the provisions of these Articles, the Company may,
by a resolution passed in the General Meeting:

(a) increase its Share Capital by such amount and with such terms, rights and conditions as it thinks
expedient by issuing new shares for a premium or for a discount;

(b) consolidate and divide all or any of its share capital into shares of larger amount than its existing
shares;
() convert all or any of its fully paid up shares into stock and reconvert that stock into fully paid

up shares of any denomination;

(d) sub-divide its shares or any of them into shares of smaller amount than is fixed by the
memorandum of association of the Company, so that in the sub-division, the proportion between
the amount paid and the amount if any unpaid on each reduced share shall be the same as it was
in the case of the share from which the reduced share is derived; or

(e) cancel shares which at the date of passing of the resolution have not been taken or agreed to be
taken by any person and diminish the amount of its share capital by the amount of the shares so
cancelled.

Dematerialization of Securities

6.

a. Notwithstanding anything contained in these Articles, the Company shall be entitled to
dematerialize its existing Securities, rematerialize its Securities held in the Depositories and/or
to offer its fresh Securities in a dematerialized form pursuant to the Depositories Act, and the
rules framed thereunder, if any.

b. Subject to the applicable provisions of the Act, the Company may exercise an option to issue,
dematerialize, hold the securities (including shares) with a Depository in electronic form and
the certificates in respect thereof shall be dematerialized, in which event the rights and
obligations of the parties concerned and matters connected therewith or incidental thereto shall
be governed by the provisions of the Depositories Act.

c If a Person opts to hold his Securities with a Depository, the Company shall intimate such
Depository the details of allotment of the Securities and on receipt of the information, the
Depository shall enter in its record the name of the allottee as the Beneficial Owner of the

Securities.
d. Securities in Depositories to be in fungible form:
e All Securities held by a Depository shall be dematerialized and be held in fungible form.

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