Outcome of Board Meeting

| Updated on January 31, 2018 Published on July 24, 2017

Enclosed are the Unaudited Standalone & Consolidated Financial Results of the Co for QE 30.06.17, approved by its Board at its todays meeting, which commenced at 2:15 PM and concluded at 3:30 PM, along with LRR dated today, issued by Cos Statutory Auditors (SA). Board also declared an Interim Dividend of INR 9 per equity share for FY17-18 (Record date - 03.08.17). Board also approved issuance of Secured/Unsecured NCDs, upto INR 25000 Cr & 3000 Cr respectively, on private placement basis. In terms of the Companies Act, 2013 M/s Deloitte Haskins & Sells LLP are not eligible for re-appointment as its SA, accordingly, Board has recommended appointment of M/s S.R. Batliboi & Co. LLP, Chartered Accountants (an Indian firm of Ernst & Young), as its SA for a period of 5 yrs, subject to Members approval in the ensuing AGM. In terms of SEBI circular dated 30.06.17, Board also recommended to amend Articles of Association of the Co, subject to Members approval. For details refer attachment.

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Source : BSE - www.bseindia.com

Published on July 24, 2017
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