Outcome of Board Meeting

• Security Code: 502137
• Company: DECCANCE

Further to our letter DCL:SECY:2017:SE:1 regarding Audited Financial Results and Final Dividend, we wish to inform that the Board of Directors of the Company at its meeting held today, inter alia, has approved the following: Sub-division of existing 1 equity share of face value Rs. 10/- each into 2 equity shares of face value Rs.5/- each, subject to approval of shareholders at the 37th Annual General Meeting (AGM). Record date for the sub-division shall be fixed and communication in this regard will be sent in due course. Details regarding the sub-division of equity shares are herewith annexed. Alteration of Capital Clause of the Memorandum of Association of the Company, subject to approval of shareholders at the 37th AGM. Appointment of M. Anandam & Co., Chartered Accountants, Hyderabad (Firm Registration No. 000125S) as Statutory Auditors, subject to approval of shareholders at 37th AGM. This appointment, if approved by the shareholders, shall be from the conclusion of 37th AGM to 42nd AGM, subject to ratification by the Shareholders in each of the intervening AGMs. A brief profile of M. Anandam & Co is given below. 'M. Anandam & Co, Chartered Accountants, Hyderabad is a more than 60 year old firm providing statutory audit, internal audit, due diligence audit, domestic and international taxation and corporate advisory services The firm has 12 partners, 10 Chartered accountants and 60 professional staff. The firm has clients who are listed entities, closely held companies, Limited Liability Partnerships, partnerships, trust and societies. The clients range from banking, building products, pharma, IT, trading, education and other manufacturing and service sectors.' Holding of 37th Annual General Meeting (AGM) on Friday, 11th August 2017. Closure of the Register of Members and Share Transfer Books from Saturday, 5th August 2017 to Friday, 11th August 2017 (both days inclusive) for the 37th AGM and for finalization of entitlement of Final Dividend. The Final dividend, if approved at the 37th AGM will be paid / dispatched in between 21st to 31st August 2017.