Outcome of board meeting of Five X Finance & Investment

Held on 28 August 2014

Five X Finance & Investment announced that the Board of Directors of the Company at its meeting held on 28 August 2014, inter alia, has discussed and approved the following :

1. The Board has approved the Notice and Directors' Report of 5th AGM of the Company to be held 29 September 2014.

2. The Reappointment of Tanu Girraj Agarwal, who retires by rotation and being eligible, offers herself for re-appointment.

3. The Re-appointment of M/s. Pravin Chandak & Associates, Chartered Accountants, as the Statutory Auditor of the Company.

4. Regularized the appointment of Madhu Rajkumar Goel as a Director of the Company.

5. Increase in Borrowing Powers of the Board of Directors under Section 180(1)(c) of the Companies Act, 2013, upto Rs. 100 crore subject to the approval of Members at ensuring Annual General Meeting of the Company.

6. Creation of Security under Section 180(1)(a) of the Companies Act, 2013 in connection with the borrowings of the Company, subject to the approval of Members at the ensuring Annual General Meeting of the Company.

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