Outcome of board meeting of Murli Industries

Held on 30 August 2014

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

1. Considered and Re-constituted the different committees of the Board.

2. Considered and decided not to recommend any dividend.

3. Considered and appointed the Key Managerial Personnel (KMP) i.e. Nandlal Maloo, CMD, Bajranglal Maloo, WTD, Lalchand Maloo, WTD, Sunil Kumar Maloo, WTD, Tarun K Singh, Company Secretary and Rahul Goyal, Chief Financial Officer.

3. Considered and recommended for the reappointment of the retiring director i.e. Yashpal Dhiman in the ensuing Annual General Meeting;

4. Considered and recommended for the appointment of Subhash Rode, Avinash Mardikar and Vinay Thergaonkar as Independent Director(s) for the period of five consecutive years in the ensuing Annual General Meeting;

5. Discussed and recommended for the reappointment of the retiring auditors i.e. M/s Demble Ramani & Co for the next three consecutive years in the ensuing Annual General Meeting;

6. Considered and proposed for the approval in relation to existing borrowing powers passed by the shareholders according to the applicable provision(s) the Companies Act, 2013.

7. Considered and recommended for the approval of the shareholders for new set of Articles of Association of the Company in compliance of Companies Act, 2013.

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