Item 2 is increase in authorized share capital, which is increased by 35 Lakh shares from 1.65 Crore shares to 2 Crore shares.
Item 3 and item 4 are for the actual issue of preference shares and warrants.
This means company is looking ahead and increasing authorized share capital much more than required for now. This is done to avoid coming back to shareholders again and again for for each incremental increase.
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