Titan Securities - Outcome of Board Meeting

Titan Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 26, 2009, inter alia, has taken the following decisions subject to approval of members in the Extra ordinary General Meeting.

1. Authority to the Board of Directors for issue of 13,00,000 (Thirteen Lacs) Equity Shares of Rs. 10 each for cash at Rs. 10 per share on preferential basis to Non Promoter Body Corporate subject to SEBI Guidelines.

2. Approval of Notice of Extra Ordinary General Meeting for obtaining approval of members by way of special resolution u/s 81 of Companies Act, 1956 at the Extraordinary General Meeting to be held on October 19, 2009 for the aforesaid purpose.