ESSEL PROPACK LTD. - Outcome of Board Meeting

Essel Propack Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2014, has approved the Notice for conducting Postal Ballot, pursuant to Section 110 of the Companies Act, 2013 to obtain approval of shareholders, by passing a Special Resolution for:<br/><br/>1. Re-issue of existing authority under section 293(1)(a) and 293 (1)(d) of the erstwhile Companies Act, 1956, to comply with the requirements under section 180(1)(a) and 180(1)(c) of the Companies Act, 2013.<br/><br/>2. Further enabling resolution far Issue of Securities under section 42 and section 62 of the Companies Act, 2013.