nayana-c1.867c992ae9100904cc61c84591adf0f8f863e0387e30f0d0dbc86640e9f50a1a.en.train.92568

The task

Which of the following is NOT an exception to the 20% limit on share allotment as per paragraph (iii) of this Resolution? A. A Pro-rata Issue B. The exercise of any rights of subscription or conversion under existing securities C. A specific authority granted by the Directors of the Company D. Any scrip dividend scheme or similar arrangement Return only the single uppercase letter of the correct option.