Outcome of board meeting of Rohit Ferro Tech

Held on 10 January 2015

Rohit Ferro Tech announced that the Board of Directors of the Company at its meeting held on 10 January 2015, inter alia; have considered and approved the following businesses:

1. M/s. S. Jaykishan, the Statutory Auditor have vide their letter dated 06 January 2015 have expressed their unwillingness to continue as the Statutory Auditor of the Company.

In view of above the Board of Director at its meeting held on 10 January 2015 have appointed M/s. R Kothari & Co., Chartered Accountant as the Statutory Auditors of the Company till the conclusion of the next Annual General Meeting, subject to the approval of members of the Company.

2. Subject to the approval of the shareholders, to increase the Authorised Share Capital from Rs. 150 crore to Rs. 185 crore divided into 18,50,00,000 Equity Shares of Rs. 10 each.

3. To offer and allot, subject to the approval of the shareholders, 7,12,05,000 (Seven Crores Twelve Lacs Five Thousand) Convertible Warrants of nominal value of Rs 10/- each at a price of Rs. 20/- per Warrant (including a premium of Rs. 10/- per Warrant) in accordance with SEBI (ICDR) Regulations, 2009, to the entities belonging to the promoter group and strategic investors belonging to non-promoter group on preferential basis.

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