Outcome of board meeting of Aditya Ispat

Held on 26 August 2014

Aditya Ispat announced that the Board of Directors of the Company at its meeting held on 26 August 2014, inter alia, has:

1. Recommended to the shareholders for re-appointment of M/s. Dagliya & Co. Chartered Accountants as Statutory Auditors of the Company.

2. Recommended to the shareholders for appointment of Swamy S. B. Das as Director by rotation and as an independent director.

3. Recommended to the shareholders for appointment of Sanjay Solanki as an Independent Director.

4. Recommended to the shareholders for appointment of H. M. Dugar as an Independent Director.

5. Usha Chachan, was appointed as a women Additional Director as per section 149 and 161 of the Companies Act, 2013.

6. Usha Chachan,who was appointed as an additional director of the Company has been reappointed as a Women Regular Director of the Company subject to the approval of the shareholders of the Company.

7. S. K. Kabra, was appointed as an Additional Director as per section 149 and 161 of the Companies Act, 2013.

8. S. K. Kabra, who was appointed as an additional director of the Company has been reappointed as a Regular Director of the Company subject to the approval of the shareholders of the Company.

9. Appointed Rajesh Kumar Bengani, Practising Chartered Accountant as Scrutinizer to scrutinize the votes in respect of e-voting / ballots at the Annual General Meeting in free, fair and transparent manner.

10. Adopted the Postal Ballot Notice in terms of Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 for approval of following matters:

a. Fixed the borrowing limits of the Company as under Section 180(1) (c).

b. Approved the creation of charge of assets or properties of the Company both present and future, in respect of borrowing etc. and recommend to the members to fix the limits under Section 180(1) (a).

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