Outcome of board meeting of Bedmutha Industries

Held on 11 August 2015

Bedmutha Industries announced that the Board of Directors of the Company at its meeting held on 11 August 2015, inter alia, has approved the following:

1. Approved to obtain the consent of the shareholders to increase the Authorised Share Capital of the Company from Rs. 25 crore to Rs.30 crore and to alter Capital Clause of Memorandum of Association of the Company.

2. Approved to obtain the consent of the shareholders of the Company to issue convertible warrants on preferential allotment basis to the promoter/promoter group/ promoter group companies to the extent of 35,00,000 warrants at a price to be determined at relevant date each convertible into equal number of equity shares in accordance with SEBI (ICDR) Regulations, 2009 and any amendments thereof, if any;

3. Approved to obtain the consent of the shareholders of the Company for the re-appointment of K. R. Bedmutha as a Whole Time Director, designated as Chairman, Vijay K. Vedmutha as Managing Director and Ajay K. Vedmutha as Joint Managing Director of the Company for a period of 3 years with effect from 14 November 2015, subject to necessary approvals.

4. Approved to obtain the consent of the shareholders of the Company for entering into related party transactions/contracts/arrangements in accordance with Companies Act, 2013 and rules made there under and SEBI regulations;

5. Considered and approved the appointment of M/s. S. Anantha & Co., Company Secretaries as the Secretarial Auditor of the Company for the Financial Year 2015-16.

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