Outcome of board meeting of Dhoot Industrial Finance

Held on 29 May 2015

Dhoot Industrial Finance announced that the Board of Directors of the Company at its meeting held on 29 May 2015, inter alia, has transacted the following:

1. Appointed Vaidehi Rohit Dhoot (who was appointed as an Additional Director as on 14 November 2014 and holds office up to the date of ensuing AGM i.e. 28 September 2015) as the Non- Executive Director with effect from 28 September 2015, subject to members' approval at the forthcoming 37th AGM.

2. Accorded its consent to borrow money u/s 180 (1) (c) of the Companies Act, 2013, exceeding aggregate of paid-up share capital and free reserves up to a limit of Rs.150 crore, subject to members' approval at the forthcoming 37th AGM.

3. Accorded its consent to give loan and give guarantee or provide security in connection with a loan and acquire by way of subscription, purchase or otherwise, the securities of any other body corporate under Section 186 (3) of the Companies Act 2013 up to a limit of Rs. 75 crore, subject to approval of Members by postal ballot.

4. Accorded its consent to mortgage and / or to create charge on any of the movable and / or immovable or any other tangible and intangible assets / properties and / or the whole or any part of the undertaking(s) of the Company, to secure borrowings of the Company with a power to the charge holders to take over the management of the business of the Company in certain events of default, may be regarded as disposal of the Company's undertaking(s) within the meaning of Section 180(1)(a) of the Companies Act, 2013, subject to approval of Members by postal ballot.

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