Outcome of board meeting of Adi Finechem

Held on 16 June 2016

Adi Finechem announced that the Board of Directors of the Company at its meeting held on 16 June 2016 have considered and approved the following:

1. Incorporation of wholly owned subsidiary Company and to make initial investment up to Rs.1,00,000/- by way of subscription to Equity Share Capital of the said proposed subsidiary Company.

2. Shifting the Registered Office of the Company from Ahmedabad, Gujarat to Mumbai, Maharashtra subject to approval of shareholders through postal ballots and other necessary approval as may be required.

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