Outcome of Board Meeting

• Security Code: 530999
• Company: BALAMINES

Balaji Amines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 24, 2016, inter - alia, transacted the following matters:

1. The Board has revised the Morpholine plant installed capacity from 10000 MT/PA to 7000 MT/PA due to economies of scale and detailed engineering.

2. The board authorized SRI.G.HEMANTH REDDY, Director as Authorised person under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

3. Appointed Smt. P.S.Mani as Nodal Officer of the Company under the provisions of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

4. Approved in principle, the proposal of Amalgamation of its Subsidiaries into the Company and constituted committee of directors called as "Merger Committee” with the terms of reference as below

a. To approve and recommend the draft Scheme of Amalgamation to the Board for its consideration and approval.

b. To approve and recommend the draft Valuation Report to the Board for its consideration and approval. , ,

c. To appoint advocates/consultants/Auditors, Merchant Bankers and other intermediaries and obtain the draft fairness opinion certificate from the Merchant Banker on the Valuation Report.

d. To do all such necessary and ancillary acts & things that may be required for the purpose of proposed amalgamation of M/s. Bhagyanagar Chemicals Limited and M/s Balaji Greentech Products Limited, Subsidiary Companies into the Company.

The Board Meeting commenced at 04.00 PM and concluded at 5.20 PM.