Disclosures

Indostar Capital Finance Ltd - Outcome Of The Board Meeting And Disclosures Under The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirments) Regulations, 2015 (SEBI LODR)

| Updated on May 20, 2019 Published on May 20, 2019

We wish to inform you that the Board of Directors of the Company at its Meeting held today i.e. Monday, 20 May 2019, inter-alia considered and approved the following:

1.Annual Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31 March 2019.

2.Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and financial year ended 31 March 2019, prepared in accordance with Regulation 33 of SEBI LODR.

3.Recommendation of Final Dividend at rate of 10 % i.e. INR 1/- per equity share of face value of INR 10/- each for financial year 2018-2019 for approval of shareholders of the Company at the ensuing Annual General Meeting of the Company, in addition to Interim Dividend of INR 1 /- per equity share declared and paid during financial year 2018-19. Final Dividend, if approved by the shareholders of the Company will be paid to shareholders of the Company as on 21 August 2019, on or before 27 September 2019.

4.Increase in the aggregate borrowing limits to INR 25,000 crore over and above the aggregate, for the time being, of the paid-up share capital, free reserves and securities premium of the Company and conferred authorisation in this regard, subject to approval by shareholders of the Company at the ensuing Annual General Meeting.

5.Issue of Non-Convertible Debentures (NCDs) for an amount not exceeding INR 10,000 crore on private placement basis, in one or more series / tranches during a year from the date of approval by the shareholders of the Company, within the aggregate borrowing limits, subject to approval by shareholders of the Company at the ensuing Annual General Meeting and authorised the Debenture Committee to determine and approve the detailed terms and conditions of the NCDs to be issued.

6.Re-appointment of Mr. Bobby Parikh (DIN: 00019437), Independent Director of the Company for a further term of five (5) years with effect from 5 March 2020, subject to approval by shareholders of the Company at the ensuing Annual General Meeting. In accordance with the circular issued by BSE Limited and National Stock Exchange of India Limited dated 20 June 2018, it is affirmed that Mr. Bobby Parikh is not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other authority. Additional disclosures in terms of Schedule III of SEBI LODR are enclosed at Annexure I.

7.Convening of the 10th Annual General Meeting of the Company for the financial year ended 31 March 2019 on 28 August 2019 and matters related thereto.

Pursuant to Regulation 42 of SEBI LODR we wish to intimate that Register of Members and Share Transfer Books of the Company will remain closed from Thursday, 22 August 2019 to Wednesday, 28 August 2019 (both days inclusive) for the purpose of the 10th Annual General Meeting and determining shareholders entitled for the Final Dividend, if declared by the shareholders of the Company at the ensuing Annual General Meeting.

Please note that the trading window for dealing in the securities of the Company will open on Thursday, 23 May 2019.

Pdf Link: Indostar Capital Finance Ltd - Outcome Of The Board Meeting And Disclosures Under The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirments) Regulations, 2015 (SEBI LODR)

Source : BSE - www.bseindia.com

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Published on May 20, 2019
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