Outcome of Board Meeting

• Security Code: 502820
• Company: DCM

DCM Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 15, 2016, inter alia, has considered and approved the following Schemes of Arrangements (‘Schemes’) subject to the approval of SEBI, stock exchanges, shareholders, creditors, Hon’ble High Court of Judicature at Delhi and other regulatory agencies, as applicable:

1. Composite Scheme of Arrangement of DCM Limited, DCM Realty and Infrastructure Limited, Purearth Infrastructure Limited and TIARA Investment Holdings Limited and their respective shareholders and creditors (hereinafter referred to as “Scheme”) under sections 391 to 394 read with Sections 100 to 103 of the Companies Act, 1956 and/or Sections 230 to 233 read with Section 66 and other relevant provisions of the Companies Act, 2013, as may be applicable, for the:

i. Amalgamation of TIARA Investment Holdings Limited into Purearth Infrastructure Limited

ii. Demerger of the Real Estate Undertaking of DCM Limited and vesting of the same with DCM Realty and Infrastructure Limited, on a going concern basis; and

iii. Following the amalgamation referred at point (1)(i) and demerger referred to point (1)(ii) above, amalgamation of Purearth Infrastructure Limited into DCM Realty and Infrastructure Limited.

2. Scheme of Arrangement between DCM Limited and DCM Nouvelle Limited, a Company in the process of incorporation as a wholly owned subsidiary of DCM Limited, and their respective shareholders and creditors for the demerger of the cotton textiles business undertaking of DCM Limited into DCM Nouvelle Limited, such that post demerger shares in DCM Nouvelle Limited will be held by shareholders of DCM Limited in the same proportion as their shareholding in DCM Limited.

Further, the Audit Committee has furnished its report to the Board of Directors of the Company recommending both the aforesaid Schemes.