Outcome of Board Meeting

• Security Code: 520059
• Company: MUNJALAU

To, The Secretary, Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Fort, MUMBAI - 400 001 Sub: Outcome of 167th Board Meeting held on May 22,2017 Scrip Code: 520059 Dear Sir, Pursuant to regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('LODR') we would like to inform that the Board of Directors of the Company at its 167th meeting held today, inter-alia has approved the following matters:- 1. 32nd Annual General Meeting of the Company will be held on Friday, June 30,2017 at 3 PM at the Registered Office of the Company. 2. Pursuant to the provisions of Section 91 of the Companies Act, 2013,('the Act') read with Rule 10(1) of Companies (Management and Administration) Rules 2014('the Rules') and Regulation 42 of the LODR, the Board of Directors has decided to close its Register of Members and Share Transfer Books from Monday, 26th June, 2017 to Friday, 30th June, 2017 (both days inclusive) for the purpose of 32nd Annual General Meeting and determining entitlement of the members to the final dividend (if declared at the AGM). 3. The Board has approved Audited Financial Results for the last quarter and financial year ended March 31, 2017 pursuant to Regulation 33 of the LODR. 4. Recommendation of final dividend subject to approval of members @ 100% viz. Rs.2/- per equity share on Face Value of Rs.2/- each for financial year 2016-17. The dividend, if declared at the ensuing AGM, will be paid by July 30, 2017. 5. Recommendation for issue of Bonus Shares in the ratio of 1:1 i.e. one equity share of Rs.2/- each for every one fully paid up equity share held as on record date, subject to approval of members of the Company. Record date will be intimated in due course. 6. The Company has received unmodified Audit report for the year ended 31st March, 2017 from the statutory auditors. 7. Recommendation for appointment of M/s K C Mehta & Co., Chartered Accountants, as statutory auditors in place of existing auditors M/s Vakil, Jain & Hindocha, Chartered Accountants, subject to approval of members at the ensuing AGM. 8. Recommendation for adoption of new set of Articles of Association in line with the Companies Act, 2013. Further in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of duly signed Audited Financial Results along with Auditor's Report on Quarterly Financial Results and Year to Date Results of the Company is enclosed herewith. The Board Meeting commenced at 12.45 p.m and concluded at 6.30 p.m. This is for your information and further dissemination. Thanking you, Yours faithfully, For MUNJAL AUTO INDUSTRIES LTD. RAKESH JOHARI COMPANY SECRETARY ACS19153