The Board of Directors of Decipher Labs Limited at its meeting held 31st December, 2020, have discussed various business expansion proposals and approved the incorporation of a subsidiary company for dealing with pharmaceuticals and exploring various fund raising options for supporting the proposed acquisitions in the field of Information Technology and Pharmaceuticals. The Board authorised the Director/s to initiate proceeding for the incorporation of a subsidiary company and appointment of suitable agency/ies for raising funds by way of debt and equity participation as may be feasible and beneficial for the operations of the company.