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              Out of 10,68,700 6% Cumulative Optionally Convertible Redeemable Preference Shares (COCRPS) issued to Exim Bank, which are not listed in the Stock Exchanges, has been partly redeemed to the extent of 1,50,000 COCRPS. Consequently, the paid-up COCRPS Capital of Gontermann Peipers India Ltd stands reduced to Rs.91,87,000/-.