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| Exchange Received Time 28/02/2018 18:03:52 Exchange Disseminated Time 28/02/2018 18:04:01 Time Taken 00:00:09 | Dear Sir / Madam,
By this letter we intimate to you, that the Board at its meeting held today has approved the plan for the future of Auto divisions of the Company and has directed the management to execute the following plan.
Divestment of the following assets along with businesses:
o JKM-Auto division situated at Irrangattukottai, Sriperumbudur, Tamil Nadu;
o Aluminium Foundry division situated at Irrangattukottai, Sriperumbudur, Tamil Nadu;
o Wind farm property situated at Coimbatore, Tamil Nadu.
Simultaneously, take steps to ensure that JKM Ferrotech Limited becomes a 100% subsidiary of JKM Erla Automotive Limited ('JEAL'), which is also the holding company of Eisenwerk Erla, GmbH.
The above are subject to approval by the stakeholders.
A scanned copy of this duly signed letter along with enclosures are being uploaded on NEAPS / BSE Listing Centre. The Exchanges are requested to take the above on record.
Thank you.
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