Inter alia, considered and approved the following : 1. The Board accepted the resignation of Mr. Amol Kakde as Director of the company. 2. The Board accepted the resignation of Mr. Kaushik Shah as Director of the company. 3. The Board rejected the resignation of Mr. Avinash Bhavri as Director of the company. 4. The Board accepted the resignation of Mr. Mahendra Pandey as Director of the company. 5. The Board accepted the appointment of Mr. Mahendra Pandey as CEO/CFO of the company. 6. The Board accepted to initiate investment in a consultancy partnership and has appointed Mr. Mahendra Pandey to manage and lead the investment decision as he sees fit.

Inter alia, considered and approved the following : 1. Approved the resignation of Mr. Rahul Ishan from the post of Director of the Company. 2. Approved the reconstitution of Committees.

Inter alia considered and approved the following: 1. Accepted the resignation of Independent Director, Shri V.Shankar. 2. Appointment of Shri Vamsidhar Reddy Mandipati as an Independent Director.

Inter alia has considered and approved appointment of Mr. Bhalachandra Basappa Hattarki (DIN: 00145710) and Mr. Bhoopalam Chandrashekharaiah Prabhakar (DIN: 00040052) as Non Executive Independent Director of the Company beyond April 1, 2019

The Board of Directors at their meeting duly held on 14th December, 2018 considered various options of augmenting resources to enable the Company to improve its capital structure and strengthen its operations. Board also approved convening of Extraordinary General Meeting of Members of the Company to seek enabling approvals under Section 180(1)(a) of the Companies Act, 2013 and Regulation 24 of the SEBI (LODR), Regulations 2015. Moreover Board on the recommendation of Nomination & Remuneration Committee, has approved appointment of Mr. Sudhir Narsinha Pendse (DIN 07047676) as an Additional and Non-Executive Independent director of the Company with effect from 14th December, 2018.