Board of Fedders Lloyd Corporation recommends dividend

Of Re 1 per share

Fedders Lloyd Corporation announced that the Board of Directors of the Company at its meeting held on 27 August 2014, inter alia, has considered and approved the following :

1. Recommendation of dividend of Re. 1/- per equity share of Rs. 10 each (10% on the total paid up capital of the Company) for the Financial Year 2013-14 subject to the approval of the shareholders in ensuing Annual General Meeting of the Company.

2. Re-appointment of M/s. Jain Sharma & Associates as the cost auditors of the Company to audit the cost records of the Company for the financial year 2014-15.

3. To conduct Postal Ballot process for obtaining shareholders' approval by way of Special Resolution for the following matters:

- Authorization to create charge/mortgage over assets of the Company under Section 180 (1)(c) of the Companies Act, 2013.

- Authorization to borrow money under Section 180 (1)(c) of the Companies Act, 2013.

- Alteration of Article of Association of the Company in conformity with the provisions of the Companies Act, 2013 under Section 14 of the Companies Act, 2013 and Rules made there under.

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