Outcome of Board Meeting

• Security Code: 503169
• Company: RUBYMILLS

Ruby Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016 was concluded at 9.30 P.M. and inter-alia, considered and approved the following:-

1. In order to align with the provisions of Section 178(6) of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the nomenclature of the existing committee named “Stakeholders Relationship/ Shareholders/ Investor Grievance Committee” has been changed to “Stakeholders Relationship Committee”.

2. Shri Deepak R. Shah appointed as Chairman of Stakeholders Relationship Committee in place of Shri Anup P. Shah

3. Based on the recommendation made by the Audit Committee, Shri. Dakshesh H. Zaveri, Cost Accountant, appointed as Cost Auditor of the Company for the F.Y. 2016-17.

4. Based on the recommendation made by the Audit Committee. M/s. B.S. Mehta & Co., Chartered Accountants, appointed as Statutory Auditors of the Company for the F.Y. 2016-17 and it be recommended to the shareholders at an ensuing Annual General Meeting.

5. Based on the recommendation made by the Audit Committee, M/s. B.S. Mehta & Co., Chartered Accountants, appointed as Tax Auditor of the Company for the F.Y. 2016-17

6. Based on the recommendation made by the Audit Committee, M/s. Hemant V. Shah, Chartered Accountants appointed as VAT Auditor of the Company for the F.Y.2016-17

In order to conserve the available resources, the Board of Directors of the Company has proposed not to recommend any final dividend on equity shares for the financial year ended March 31, 2016 and confirm the interim dividend as final dividend.