Outcome Of Board Meeting Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.

• Security Code: 511676
• Company: GICHSGFIN

The Board of Directors of our Company in its meeting held on Wednesday, 26th April, 2017 has considered and approved the following transactions along with other items: 1) Approved and taken on record the Audited financial results of the Company for the year ended 31st March, 2017 along with Audit Report. Copy of Audited financial results of the Company for the year ended 31st March, 2017 along with Audit Report and Trustee Certificate [Under Regulation 52(5)] is enclosed as Annexure A. 2) Recommended a Dividend for F.Y. 2016-17 @ 50% i.e. Rs.5/- per equity share of Rs.10/- each. 3) Approved the increase in the Borrowing Powers of the Company from Rs.10,000 crores to Rs.12,500 crores subject to approval of shareholders at the ensuing 27th AGM of the Company. 4) Revised the limit of raising of Funds by issue of Redeemable Non-Convertible Debentures (NCDs)/Bonds through Private Placement basis upto Rs. 800 crores subject to approval of shareholders at the ensuing 27th AGM of the Company. 5) Approval for related Party Transaction upto an aggregate limit of Rs. 1,000 crores only subject to approval of shareholders at the ensuing 27th AGM of the Company. 6) Reappointment of Shri B. Chakrabarti, Shri A. V. Muralidharan and Shri M. K. Garg as Independent Director(s) of the Company upto 29th AGM of the Company subject to approval of shareholders at the ensuing 27th AGM of the Company. Brief Profiles of Directors is enclosed as Annexure B. We are arranging to publish the quarterly results in the newspaper and the copies of the press cuttings will be sent to you in due course.