Outcome of meeting of the Board of Directors of the Company held on 12th May, 2017.

The Company has informed BSE that the Board of Directors of the Company at its meeting held on 12th May, 2017, inter alia, has transacted the following:

a) Approved unaudited financial results of the Company for the first quarter ended 31st March, 2017;

b) And declared interim dividend for 2017 of Rs. 15/- per equity shares of Rs. 10/- each to be paid on and from 2nd June, 2017;

c) The interim dividend for 2017 will be paid to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the book closure from 23rd May, 2017 to 24th May, 2017 (both days inclusive), already announced for the purpose.