GAMMON INFRASTRUCTURE PROJECTS LTD. - Outcome of Board Meeting

Gammon Infrastructure Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 20, 2015, inter alia, has <BR><BR>- Approved the issue and allotment of 110,000 equity shares of Rs. 2/- each following the exercise of stock options by the employees under the 'GIPL Employee Stock Option Scheme - 2013. Upon the allotment of these shares, the paid up capital of the Company stand increased to 941,770,724 equity shares of Rs. 2/- each.