Disclosure Under Regulation 30 Read With Para A Of Part A Of Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

• Security Code: 539957
• Company: MGL

We wish to inform you that, the Board of Directors of the Company have today approved the following businesses passed through Circular Resolutions:

1.Approved to seek consent of the Members of the Company by means of Postal Ballot for adoption of new set of Articles of Association thereby replacing the existing set of Articles of Association of the Company, in line with revised Joint Venture Agreement executed amongst Promoters of the Company.

2.Appointed Mr. Lalit K. Jain, Practicing Company Secretary (M. No. FCS 1903) as the Scrutinizer or in his absence Mr. Santosh Singh, Practicing Company Secretary (M. No. ACS 15964) as the Scrutinizer to conduct the Postal Ballot process.

3.Appointed NSDL as an agency for providing the E-Voting facility to the members of the Company to cast their votes for the proposed Postal Ballot (including E-Voting).

4. Approved the Notice of Postal Ballot and also approved Tuesday, October 23, 2018 as the Cut-Off date for the Postal Ballot.