Patel Engineering at the board of directors meeting held March 19, 2014, approved constitution of allotment committee consisting of four directors Mr. K Kannan, Chairman of the Committee, Mr. Khizer Ahmed, Mr. S. Jambunathan and Mr. Sharad Zalawadia, members of the Committee for considering allotment of optionally convertible preference shares (OCPS) and equity shares as and when the option is exercised by the proposed OCPS share holders.