AMTEK AUTO LTD. - Outcome of Board Meeting

Amtek Auto Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2014, has decided the following:<br/><br/>1. Issuance of equity shares through a Qualified Institutional Placement ("QIPs") and/or Global Depository Receipts and/or American Depository Receipt and/or other securities convertible into equity shares and/or such other equity-linked instruments.<br/><br/>2. To increase the Authorized Share Capital of the Company and consequential alternations of Memorandum and Articles of Association of the Company.<br/><br/>The decisions of the board at serial nos. 1 and 2 above, inter alia, are subject to the approval of shareholders of the Company and the Company will, in this regard, call an extraordinary general meeting of its shareholders.