Board approves Dividend

• Security Code: 500201
• Company: INDIAGLYCO

Sub: Outcome of the Board Meeting held on 16th May, 2017 Further to our letters dated 8th May & 9th May, 2017 and pursuant to Regulation 30 and Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. 16th May, 2017, inter-alia, has considered and approved the following: 1. Audited Financial Results of the Company for the quarter and year ended 31st March, 2017 along with the Audited Consolidated Financial Results for the year ended 31st March, 2017. 2. Recommended a dividend @ 10 % [Rs.1/- per equity share of face value of Rs. 10/- each] for the financial year ended 31st March, 2017 which, if confirmed/declared by the members at the ensuing Annual General Meeting (AGM), will be paid/dispatched within 30 days from the date of AGM. 3. Recommended to the members of the Company, the appointment of M/s K.N. Gutgutia & Co., Chartered Accountants (Registration No. 304153E) as the Statutory Auditors of the Company, in place of M/s Lodha & Co., Chartered Accountants, the retiring Auditor, for a term of 5 (five) years to hold the office from the conclusion of 33rd AGM until the conclusion of the 38th AGM, subject to ratification by the members at every subsequent AGM. 4. Approved the enabling raising of funds, subject to the approval of the members, for an amount not exceeding Rs.250 Crores (Rupees Two Hundred Fifty Crores) or its equivalent in any other currency, by way of issuance of securities including through public offering/ private placement/ qualified institutional placement or otherwise, in terms of the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable guidelines/ provisions. A copy of the Audited Financial Results of the Company for the quarter and year ended 31st March, 2017 along with the Audited Consolidated Financial Results for the year ended 31st March, 2017, the Auditor's Report and a declaration in respect of Unmodified opinion on the Audited standalone Financial results/statements along with the statement on impact of audit qualification of consolidated financial results/statements in enclosed herewith. The above said Board Meeting commenced at 16:15 Hrs. and concluded at 18:50 Hrs. This is for your information and records please.