Board of Kuberkamal Industrial Investments approves bonus issue

At meeting held on 27 October 2014

Kuberkamal Industrial Investments announced that the Board of Directors of the Company at its meeting held on 27 October 2014, inter alia, has transacted the following business:

1. The Board has subject to approval of members and Central Government approved changing the name of the Company from Kuberkamal Industrial Investments to Kuberkamal Fincorp or such other name as mentioned in the application and made available by the Registrar of Companies, Maharashtra.

2. The Board has subject to approval of members approved issue of Bonus shares in the ratio of 3:1 (Three bonus equity shares for every 1 Equity share held as on the record date to be declared by the Board).

3. The Board has subject to approval of members approved issue of 60,00,000 Equity shares of Rs. 10/- each on preferential basis to the persons other than the promoters at a price which shall not be lower than the price determined in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

4. The Board has subject to approval of members approved increase in authorized share capital from Rs. 1,50,00,000/- (Rupees One Crore Fifty Lakh) to Rs. 12,50,00,000/- (Rupees Twelve Crore Fifty Lakh only) arid accordingly alteration of Memorandum & Articles of Association.

5. The Board has subject to approval of members and Central Government approved alteration of Articles so as to enable the Company capitalization of Profit and Reserves for issue of Bonus Shares.

6. The Board has approved notice convening the Extra-ordinary General Meeting to be held on 28 November 2014.

7. The board has approved appointment of Aniruddh Parashar, as Whole Time Director of the Company.

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