Others

Outcome of Board Meeting

| Updated on March 25, 2013 Published on March 25, 2013

Kamat Hotels (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 23, 2013, inter alia, has approved the following:

1. Corporate Debt Restructuring (CDR) package under CDR system as approved by CDR Empowered Group at its meeting held on February 15, 2013.

2. Issue of equity shares, subject to consent of shareholders of the Company, to the specified promoter(s) / promoter group, on preferential basis to the extent of Rs. 22 crores (Rupees Twenty Two Crores Only) at a price not less than Rs. 135/- per share or price determined in accordance with Regulation 76 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 whichever is higher, as per the terms of CDR package.

3. Application for listing of equity shares of the Company on MCX Stock Exchange Limited.

Source : BSE - www.bseindia.com

Published on March 25, 2013

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