Outcome of board meeting of Omax Autos

Held on 29 October 2015

Omax Autos announced that the Board of Directors of the Company at its meeting held on 29 October 2015, inter alia, has considered and approved the following matters:

1. Appointment of Novel S. Lavasa as an Additional Director in the category of Independent Director on the Board of the Company, subject to the approval of Shareholders.

2. Appointment of Tavinder Singh as an Additional director and Whole Time Director on the Board of the Company, subject to the approval of Shareholders.

3. Re-appointment of Jatender Kumar Mehta as Managing Director of the Company, subject to the approval of Shareholders w.e.f. 01 January 2016.

4. Re-appointment of Ravinder Kumar Mehta as Managing Director of the Company, subject to the approval of Shareholders w.e.f. 01 January 2016.

5. Subject to regulatory approval, acquisition of upto 76% in the equity share capital of Omax Aerospace and Defence Limited to make it a subsidiary of the Company.

6. Shifting of the Registered Office of the Company from 69 K.M. Stone, Delhi-Jaipur Highway, Dharuhera, Distt. Rewari (Haryana)-123106 to Company's Corporate Office i.e. Plot No. B-26, Institutional Area, Sector-32, Gurgaon (Haryana), subject to approval of shareholders and compliance of other regulatory requirements, if any.

7. Adoption of 'Policy on Preservation of Documents' and 'Policy for determination of materiality of events/ information to be disclosed to general public'.

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