Corporate Announcement

The Board of Directors at their Meeting held today has, inter alia :

Approved the standalone Unaudited Financial Results of the Company for the third quarter and nine months ended 31st December, 2015 as reviewed by the Audit Committee at its Meeting of even date pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Severally authorized the Key Managerial Personnel of the Company for the purpose of determining materiality of an event or information and for making disclosures to the Stock Exchanges as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Approved the following Policies under the SEBI (Listing Obligations and Disclosure Requirements) 2015 :

• Board Policy on Preservation of Documents under Regulation 9
• Archival Policy under Regulation 30(8) and
• Board Policy for determination of materiality of an event or information under Regulation 30(4)

Authorised the execution of fresh Listing Agreement pursuant to Regulation 109 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, a Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 11th February, 2016, inter alia, to consider and approve the Unaudited Financial Results of the Company for the third quarter and nine months ended 31st December, 2015.

• The Board of Directors at their Meeting held today has, inter alia, approved:
• The Unaudited Financial Results of the Company for the second quarter ended 30th September, 2015 as reviewed by the Audit Committee at its Meeting of even date.

• The 45th Annual General Meeting of the Company was held today. The members of the Company have declared
• Dividend of Rs. 2/- per share of the face value of Rs. 10/- for the financial year 2014-15. The dividend will be paid to the eligible shareholders on 14th August, 2015.

The Board of Directors at their Meeting held today has, inter alia:

• Approved the Unaudited Financial Results of the Company for the first quarter ended 30th June, 2015 as reviewed by the Audit Committee at its Meeting of even date.
• Approved the revision in terms of appointment of Shri M M Dhanuka, Managing Director of the Company.
• Appointed M/s Hariharan & Co., Chartered Accountants as Statutory Auditors of the Company subject to the approval of the members of the Company.
• Approved the alteration of Articles of Association subject to the approval of the members of the Company.
• Approved the keeping of Register of Members and other related statutory books at a place other than the registered office of the Company subject to the approval of the members of the Company.Â
• Appointed M/s Makarand M Joshi & Co. as the Secretarial Auditor of the Company for the year 2015-16
• Adoption of CSR Policy and the Budgeted expenditure for the year 2015-16.

The Board of Directors as their Meeting held today has, inter alia:

• Appointed Ms. Uma Acharya as an Additional Director of the Company.
• Approved the Audited Financial Results of the Company for the financial year ended 31st March, 2015 as reviewed by the Audit Committee at its Meeting of even date.
• Recommended a final dividend at the rate of Rs. 2/- per equity share of the face value of Rs. 10/- for the financial year ended 31st March, 2015.
• Approved the Notice convening the 45th Annual General Meeting (AGM) of the Company on 24th August, 2015 and close the Register of Members and Share Transfer Books from Tuesday, 18th August, 2015 to Monday, 24th August, 2015 (both days inclusive) for the purpose of the AGM and to ascertain the eligibility for the entitlement of final dividend.