Outcome of board meeting of Miven Machine Tools

Held on 17 April 2015

Miven Machine Tools announced that the Board of Directors of the Company at its meeting held on 17 April 2015, inter alia, has taken the following decisions:

1. Approved the proposal to voluntarily delist the shares of the company from BSE Limited in terms of the provisions of Regulation 8 and 27 of the SEBI (Delisting of Equity Shares) Regulations, 2009, read with SEBI (Delisting of Equity Shares) Amendment Regulations, 2015 ("Delisting Regulations");

2. Ratification of the appointment of Tata Securities as the Merchant Banker for the delisting programme, pursuant to Regulation 8(1A)(ii) of Delisting Regulations and termination of BOB Capital Markets as merchant bankers;

3. Approved the Notice to be issued to the shareholders of the company for the Postal Ballot seeking approval of the shareholders by means of a special resolution for the said voluntary delisting;

4. Fixation of 17 April 2015 as the cut off date for the purpose of determining the eligibility of shareholders to vote on postal ballot and remote e-voting; and

5. Appointment of Umesh P Maskeri, Practicing Company Secretary, as the secretarial auditor for the financial year 2014-15 pursuant to Section 204 of the Companies Act, 2013.

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