Outcome of board meeting of Maan Aluminium

Held on 16 May 2016

Maan Aluminium announced that the Board of Directors of the Company at its meeting held on 16 May 2016, inter alia, took on record the following business:

1. The Board has recommended a Final Dividend of Re. 0.50/- per fully paid up equity share of Rs. 10/- each, for the year ended 31 March 2016.

2. The Board has approved the appointment of Company Secretary in Practice to conduct Secretarial Audit.

3. The Annual General Meeting of Company to be held on 02 July 2016 at 11.00 a.m. at The Janpath Hotel, Janpath, New Delhi - 110 001.

4. Board has approved the Notice of 13th Annual General Meeting, Financial Statement and Director Report together with Corporate Governance reports.

5. Board has approved the E Voting facility with NSDL.

6. Board has appointed Anita Aswal, Practicing Company Secretary as Scrutinizer for conducting E voting.

7. The Board has approved to lease or dispose of the undertakings of the Company subject to the consent of shareholders in terms of Section 180(1)(a) in the ensuing Annual General Meeting.

8. The Board has approved to revise the existing borrowing power limit to Rs. 500 crore by the Board of Directors of the Company subject to the consent of shareholders in terms of Section 180(1) (C) in the ensuing Annual General Meeting.

9. The Board has approved to increase the Authorized Share Capital of the Company and consequential alternations of Memorandum and Articles of Association of the Company subject to the consent of shareholders in the ensuing Annual General Meeting.

10. The Board has appreciated team Maan for receiving "Niryat Shree" Bronze Trophy for the 15th Set of Awards in the Residual sector not covered anywhere-MSME Category from Hon'ble President of India, Shri Pranab Mukherjee on 04 May 2016.

11. The Board took on note the annual performance evaluation of

a. The Board
b. The Committee
c. Individual Directors.

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