UPON THE APPLICATION of the above named Applicant Company by a Company Summons for Direction AND UPON HEARING Dr. Birendra Saraf i/b M/s Federal & Rashmikant, Advocates for the Applicant Company AND UPON READING the Affidavit of Ms. Komal Mehul Shah, Director of the Applicant Company dated 9th December 2016 in support of Company Summons for Direction AND Article 6 of the Articles of Association of the Applicant Company that empowers the Applicant Company to reduce its share capital from time to time in any manner with and subject to the authorization and consent required by law AND the Applicant Company having passed Special Resolution with unanimous consent at its Extraordinary General Meeting held on 29th November, 2016 being Exhibit-F to the Affidavit in Support of Company Summons for Direction, approving the reduction of the issued, subscribed and paid-up share capital of the Company from Rs 90,54,20,000 (Rupees Ninety Crores Fifty Four Lakhs and Twenty Thousand only) divided into 10,02,000 (Ten Lakh and Two Thousand) fully paid-up equity shares of Rs 10/- (Rupees Ten only) each and 89,54,000 (Eighty Nine Lakhs and Fifty Four Thousand) 6% Non Convertible, Non- Cumulative, Redeemable fully paid-up preference shares of Rs 100/- (Rupees Hundred only) each to Rs 1,00,20,000
