Outcome of Board Meeting

• Security Code: 540047
• Company: DBL

Please find herewith outcome of the Board Meeting of the Company held on May 17, 2017 at 11.00 AM and concluded at 6.45 PM at the registered office of the Company. 1. Considered and approved the Standalone Audited Financial Results for the Quarter and Year ended March 31, 2017 and Consolidated Financial Results for the year Ended March 31, 2017 2. Considered and approved the Auditors report on the Standalone Financial Results for the Quarter and Year ended March 31, 2017 and Consolidated Financial Results for the year Ended March 31, 2017 3. Recommended dividend of Rs.1/- (Rupee One) per share on the equity shares of the Company for the year ended March 31, 2017 4. Taken on record resignation of Mr.Naval Jawaharlal Totla from the post of non-Executive Director of the Company w.e.f. 16th May, 2017 5. Status of application to the Income Tax Settlement Commission was considered. The Company had made an application to the Income Tax Settlement Commission in respect of A.Y. 2007 - 2008 to 2013 - 2014 in pursuance of Survey Proceedings us. 133 of the Income Tax Act, 1961. The Company has received the Order from the Hon'ble Income Tax Settlement Commission, and the calculation of tax liability with respect to the order is still awaited from the Income Tax Department. Based on the Order received, the Company has estimated additional liability of Rs. 81.11 Lakhs as the Income Tax Liability and has provided the same in the 31 March 2017 financials. The Final liability arising on account of additional tax /interest if any will be provided after the same is ascertained by the Income Tax Department. Further, we inform you that the said information will be available on the website of the Company: www.dilipbuildcon.co.in.