Outcome of Board Meeting

• Security Code: 517015
• Company: VINDHYATEL

Vindhya Telelinks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 12, 2016 has considered and approved the proposal for entering into a Share Purchase Agreement with Ericsson Network Technologies, AB (formerly known as Ericsson Cables AB) Sweden ('ENT'), on One Part and the Company and Universal Cables Limited (UCL) on the other part (Indian Venturers), for acquisition of entire 27.50% shareholding of ENT in Birla Ericsson Opticals Limited (BEOL), by the Indian Venturers and/or other promoters and promoter group person/entities of BEOL as designated by the Indian Venturers, subject to compliance of certain conditions as contained in the Share Purchase Agreement. Other disclosures as required under the captioned Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are furnished in the prescribed form as per Annexure 1 attached hereto. After such acquisition of shares of ENT in BEOL by the Company and other Promoter's and Promoter group person / entities, Ericsson Network Technologies AB (formerly known as Ericsson Cables AB), Sweden shall cease to be a promoter shareholder/technical collaborator of BEOL.