Outcome of board meeting of Nandan Denim

Held on 03 February 2015

Nandan Denim announced that the Board of Directors of the Company at its meeting held on 03 February 2015, inter alia, has transacted the following:

1. Declared an Interim Dividend of 6% i.e. Re. 0.60/- per equity share of the face value of Rs. 10/- each.

2. Subject to the approval of the shareholders and necessary permissions, sanctions, from concerned regulatory authorities, approved the issue of convertible warrants, for an amount not exceeding Rs. 100.00 crore on preferential basis to select group of investors (Promoter and / or Non-Promoter) in accordance with SEBI (ICDR) Regulation, 2009, at a price not being lower than the minimum price calculated in accordance with Regulation 76 of SEBI;

3. Approved the appointment of Sanjay Agrawal as the Chief Financial Officer of the Company.

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