Board Meeting on June 28, 2016

• Security Code: 521149
• Company: PRIMEURB

Prime Urban Development India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 28, 2016, inter alia, to transact the following business:

1. To seek consent of the Shareholders through Postal Ballot by way of Special Resolution for following items:

(i) Giving Loan(s) /Guarantee(s) / and/or providing Security (ies) in connection with a Loan and/or making Investment(s) by the Company u/s 186 of the Companies Act, 2013.

(ii) Creation / Modification of Charge(s) / Mortgage(s) / Hypothecation(s) and Encumbrance(s) on the movable and immovable properties of the Company both present and future u/s 180(1)(a) of the Companies Act, 2013.

(iii) Borrowing limits of the Company u/s 180(1)(c) of the Companies Act, 2013.

2. To approve Notice of Postal Ballot along with explanatory statement, Postal Ballot Form, e-voting procedure etc pursuant to Section 110 of the Companies Act, 2013.

3. To appoint Dr. S K Jain, Practicing Company Secretary and proprietor of M/s. S. K Jain & Co. to conduct the Postal Ballot process of the Company in a fair and transparent manner and give report thereon.