Outcome of Board Meeting

• Security Code: 504351
• Company: EMPOWER

Empower India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 02, 2015, inter alia has considered and approved the following:

1. Re-appointment of Directors liable to retire by rotation, subject to the approval of members;

2. Ratification of the appointment of Statutory Auditor's of the Company, subject to approval of members;

3. Appointment of Mr. Sameer Padekar and Mr. Paresh Gharat as Independent Directors, subject to approval of members;

4. Adoption of new Articles of Association as per Companies Act, 2013, subject to approval of members;

5. Change in designation of the Mr. Kiran Thakore from Independent Director to Executive Director subject to the approval of members;

6. Payment of remuneration to Executive Director & CEO, subject to the approval of members;

7. To make investments, give, loans, guarantees and provide securities beyond prescribed limits, subject to the approval of members;

8. To conduct Postal Ballot for seeking member's approval to make investments, give loans, guarantees and provide securities beyond the prescribed limits;

9. Appointment of M/s. Mayank Arora & Co, as the Scrutinizer to conduct the proceeding of e-voting for the Annual General Meeting and Postal Ballot;

10. Notice of the Annual General Meeting and Postal Ballot along with the Postal Ballot Form;

The Board also Look note on Secretarial Audit Report issued by Secretarial Auditor of the Company for the financial year 2014 - 2015.

Further, the Company has forayed into e-commerce/ portal for Media and Entertainment Sector. Media and Entertainment being a multi-million dollar market is also a fast growing segment. The Company intends to explore the emerging digital India opportunities through its web presence with multiple activities. Management is upbeat on the prospects of this project and expects it to add significant value to the overall performance of the company.