GUJARAT APOLLO INDUSTRIES LTD. - Outcome of Board Meeting

Gujarat Apollo Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2015, inter alia, has approved the following:<BR><BR>1. Subject to approval of members at the general meeting, the Board of Directors have proposed to re-appoint Mrs. Nayna A. Patel, Additional Director of the Company to Director;<BR><BR>2. Subject to approval of members at the general meeting, the Board of Directors have proposed to re-appoint Mr. Naman Patel, Additional Director of the Company to Director.<BR><BR>3. Gujarat Apollo Industries Limited along with Apollo Earthmovers Limited (Wholly Owned Subsidiary of GAIL) has acquired 17.88% and 37.83% stake respectively in Apollo Agro Industries Limited i.e. 55.71% stake. Board recorded the same.