Outcome Of Board Meeting - Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On March 31, 2017.

• Security Code: 533296
• Company: FMNL

Dear Sir, Sub: Outcome of Board Meeting - Audited Standalone and Consolidated Financial Results for the Quarter and Year ended on March 31, 2017. Ref: Scrip Code: BSE - 533296 and NSE - FMNL (1.30 pm to 3.45 pm) Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their Meeting held today viz. May 22, 2017 have approved the Annual Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on March 31, 2017. Accordingly, we enclose herewith the following for the quarter and year ended on March 31, 2017. : 1. Annual Audited Standalone Financial Results along with the Statement of Assets and liabilities. 2. Annual Audited Consolidated Financial Results along with the Statement of Assets and liabilities. 3. Audit Report on the aforesaid Standalone and Consolidated Financial Results of the Company issued by M/s. Viren Gandhi & Co., the Statutory Auditors of the Company. 4. Declaration on the unmodified opinion in the Auditor's Report on Standalone and Consolidated Financial Results of the Company. The Board also approved purchase of 50% equity shares held by IL&FS Township & Urban Assets Ltd in the joint venture company set up for development of infra logistic park pursuant to a joint venture agreement dated April 18, 2012. The total consideration for the acquisition of shares is Rs.14 Crores and subsequent to the acquisition of the 50% shares, the joint venture company shall become a 100% subsidiary and execution of definitive agreement is pending in this regard. This disclosure is furtherance to the disclosure pursuant to the previous Board meeting of the Company held on February 13, 2017. Kindly take the same on record.