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Outcome of board meeting of Munjal Auto Industries

Munjal Auto Industries announced that the Board of Directors of the Company at its meeting held on 10 November 2014, has transacted the following:

- Approval to obtain consent from members by Postal Ballot Pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014 in respect of

1. Authority to Board of Directors under section 180(1)(a) of Companies Act, 2013 to secure borrowings i.e. lease or otherwise dispose off the undertaking of the Company (other than Sale).

2. Re-appointment of Anuj Munjal as Whole Time Director for a Period of 5 years i.e. 01 June 2015 To 31 May 2020 under Section 196, 197 and Section 203 read with Schedule V of the Companies Act, 2013.

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