Outcome of Board Meeting

• Security Code: 533137
• Company: DEN

Den Networks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014, inter alia, has considered and approved:-

1. Adoption of new set of Articles of Association in terms of Companies Act, 2013;

2. Appointment of Mr. Ajaya Chand, Mr. Robindra Sharma and Mr. Atul Sharma as independent Directors for a period of five years from the conclusion of ensuing Annual General Meeting;

3. Regularization of Appointment of Mr. Ankur Ambika Sahu, Additional Director;

4. Appointment of Ms. Nandita Agarwal Parker as Non Executive Independent Director in terms of Listing Agreement and Companies Act, 2013 subject to necessary approval(s).

5. As per provisions of new Companies Act, 2013, borrowing powers and creation of charge / security has to be approved by passing Special Resolution. The Company had already taken approval of the Shareholders through Postal Ballot dated February 28, 2013. The Company is seeking re-approval of shareholders in terms of Companies Act, 2013 and proposing following special resolutions through Postal Ballot Notice:-

- authorization of borrowing powers & creation of charge on assets by way of special resolution in terms of Section 180 of the Companies Act, 2013 and other applicable provisions, if any;

- alteration of Object Clause of the Company by way of special resolution in terms Section 13 of the Companies Act, 2013 and other applicable provisions, if any;