Outcome of Board Meeting

• Security Code: 503960
• Company: BBL

The Board of Directors at their meeting held today, i.e. May 19, 2017, has inter alia transacted the following businesses: 1. Approved Audited Financial Statements including Balance Sheet as at March 31, 2017, Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date along with all the schedules and notes attached thereto together with Report of the Statutory Auditors of the Company; 2. Approved the Unaudited Financial Results for the three months and Audited for the financial year ended March 31, 2017; 3. Convening of 70th Annual General Meeting (AGM) of the Company on Friday, June 30, 2017; 4. Approved the closure of Register of Members and Share Transfer Books of the Company from Friday, June 23, 2017 to Friday, June 30, 2017 (both days inclusive), for the purpose of AGM; 5. In line with the mandatory rotation of Auditors as per Section 139 of the Companies Act, 2013 and the Rules made there under, the Board based on the recommendation of the Audit Committee, approved the appointment of Messrs. Deloitte Haskins & Sells LLP, Chartered Accountants (ICAI Firm Registration No. 117366W/W-100018), as Statutory Auditors of the Company in place of the retiring Statutory Auditors, Messrs. Dalal & Shah, LLP, for a term of five (5) consecutive years, from the conclusion of 70th AGM until the conclusion of 75th AGM of the Company, subject to the approval of Members at the ensuing AGM; 6. Not recommended any dividend for the financial year 2016-2017 on the paid-up equity share capital of the Company. We are further enclosing herewith the following: 1. Unaudited Financial Results for the three months and Audited for the financial year ended March 31, 2017; 2. Auditors' Report dated May 19, 2017, from Messrs. Dalal & Shah, LLP, Statutory Auditors of the Company; 3. A declaration with respect to Audit Report for the financial year ended March 31, 2017, with Unmodified Opinion, duly signed by the Managing Director of the Company; 4. Details of Messrs. Deloitte Haskins & Sells LLP, Chartered Accountants, pursuant to SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The Company is arranging to publish the extract of the said Financial Results in newspapers in the format prescribed under Regulation 47 of Listing Regulations. The above information will also be made available on the Company's website, www.bharatbijlee.com. The meeting of the Board of Directors commenced at 3.30 p.m. and concluded at 6.20 p.m. You are requested to take the aforementioned information on your record.