EXOTIC COAL LTD. - Outcome of Board Meeting

Exotic Coal Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 04, 2014, inter alia, have transacted the following:<br/><br/>1. Appointed Mr. Shivtoshkumar R Singh as an Additional director of the Company w.e.f. November 04, 2014.<br/><br/>2. To increase in Authorized Share capital of the Company.<br/><br/>3. To issue and allot subject to the approval of Shareholders, stock exchanges where the shares of the Company are listed and other relevant authorities, 4,00,00,000 (Four Crores) Equity shares of Rs. 10/- (Rupees Ten only) each fully paid up, in one or more tranches on preferential basis, to the Investors who are Non Promoters, for cash, at a price which shall not be lower than the price determined in accordance with the provisions of Chapter VII of the SEBI (ICDR) Regulations.<br/><br/>4. To hold the Extra Ordinary General Meeting and issue the notice accordingly.