GANESH HOUSING CORPORATION LTD. - Outcome of Board Meeting

Ganesh Housing Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 17, 2015, has allotted 3000 Fully Secured Redeemable Unlisted Unrated Non-Convertible Debentures of the Face Value of Rs. 1,00,000/- each (Rupees One Lac Only) bearing interest rate of 17% p.a. for a total size of Rs. 30.00 crores (Rupees Thirty Crores Only) on a private placement basis to Reliance Capital Limited.