Objective :
1. Investment in our Material Subsidiary, viz. BDJ Oxides (i) repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Material Subsidiary(ii) funding capital expenditure requirements for setting up of a research and development centre situated in Naidupeta (“R&D Centre”) (iii) funding its long-term working capital requirements2. Funding long-term working capital requirements of our Company3. General corporate purposes.