Outcome of board meeting of MT Educare

Held on 20 January 2016

MT Educare announced that the Board of Directors of the Company at its meeting held on 20 January 2016, inter alia, have transacted and approved the following business, subject to consent of the shareholders:

a. Issue of Securities under Qualified Institutions Placement;

b. Amendment in Capital Clause V of the Memorandum of Association of the Company consequent to increase in the authorised share capital;

c. To introduce and implement MT Educare Employee Stock Option Scheme -2016;

d. To extend the benefits of MT Educare Employee Stock Option Scheme - 2016 to the employees of Subsidiary(ies) / Associate company(ies)

Further, the Board of Directors have decided to call and convene an Extra Ordinary General Meeting (EGM) of the shareholders of the Company on 17 February 2016 at 11.30 a.m at Jainam Banquet Hall, Jainam Arcade, BTM Compound, 100 L.B.S Road, Bhandup (West), Mumbai - 400078 for the purpose of seeking approval on the business mentioned at serial no. (a) to (d) above.

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