Outcome of board meeting of Moryo Industries

Held on 30 August 2014

Moryo Industries announced that the Board of Directors of the Company at its meeting held on 30 August 2014, inter alia, has approved the following matters:

1. Re- appoint Geeta Saraf, who retires by rotation and being eligible, offers herself for re-appointment.

2. Re-appointment of M/s. R. Soni & Co., Chartered Accountants, as the statutory Auditor of the Company.

3. Regularized the appointment of Nidhi Harshad Parekh as a Director of the Company.

4. Approved to re-apply for name availability (Moryo Finance) to ROC, Mumbai.

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 the members at the 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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