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              The Board of Directors of Sibar Autoparts Ltd at their meeting held on March 28, 2018 at 09.30 A.M at the Registered office of the Company, have approved allotment of 17,40,000 Equity Shares of Rs.10.001- (Rupees Ten only) each at an issue price of Rs. 20.001- (Rupees Twenty only) (including premium of Rs. 10.001- (Rupees Ten only) and 16,00,000 warrants of Rs.l 0.00/- (Rupees Ten only) each at an issue price of Rs. 20.001- (Rupees Twenty only) (including premium of Rs. 10.001- (Rupees Ten only) to the following persons (who are belonging to Promoter Group) on a preferential basis.