Outcome of Board Meeting

• Security Code: 532842
• Company: SRHHYPOLTD

Sree Rayalaseema Hi-Strength Hypo Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2016, has transacted the following;

1. To allot 24,48,132 Convertible warrants of Rs. 10/- each at a rate of Rs. 98.19 (including premium of Rs. 88.19) calculated as per Chapter VII of SEBI (ICDR) Regulations , 2009 to proposed allottees (1) M/S Gowrl Gopal Hospitals Pvt Ltd, (2) T G V Projects & Investments Private Limited and (3) Sri.T.G.Bharath, Promoters of the Company under Preferential issue subject to members approval In the ensuing Annual General Meeting to be held on September 28, 2016. These convertible warrants be converted into equity shares in 3 tranches in the ratio of 1:1.

2. The Company is providing e-voting facility through CDSL platform and voting period begins on September 24, 2016 at 10.00 a.m and ends on September 27, 2016 at 5.00 p.m.

3. The Company is also providing ballot paper facility to shareholders who do not have access to e-voting facility and duly completed ballot papers should reach the Scrutinizer Mr. M. Nirmal Kumar Reddy not later than September 27, 2016 (5.00 pm)

4. The Board of Directors had decided not to proceed with Scheme of Arrangement between the Company and its four wholly owned subsidiary Companies as it is not viable due to technical issues in respect of thermal and wind power generation undertakings, legal and tax matters . As per advice of counsels , the Company decided to drop the Scheme of Arrangement by not filing Company Petitions. There are no demerger of any undertakings as per proposed Scheme of Arrangement and status quo continue.

5. The entire shareholdings of the Company in all four wholly owned subsidiary companies namely (1) SRHHL Power Generation Private Limited (2) SRHHL Infrastructure Private Limited (3) T G V Infrastructure & Industrial Parks Private Limited and (4) Sri Vibhu Infrastructure Development Private Limited ( Which are not material subsidiaries as per SEBI (Listing Obligations and Disclosure Requirements),2015 be disposed off immediately and the four wholly owned subsidiary companies ceases to be so from such sale.