To Considered, approved and allotted 18,00,000 (Eighteen lakh) Convertible Warrants ('Warrants'), each entitling the holder to exercise an option to convert the same into one (1) fully paid-up Equity Share of face value of Rs. 10/- (Rupees Ten Only) each at a price of Rs. 21.50/- (Twenty-One and Fifty Paise only) per Warrant (including a premium of Rs. 11.50/- (Rupees Eleven rupees and fifty paise Only) per Warrant, for cash consideration, to person(s) and/or entity(ies) belonging to the Public Category on a preferential basis