HAVELLS INDIA LTD. - Outcome of Board Meeting

Havells India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 11, 2016, inter alia, has decided :<BR><BR>1. Upon the recommendation of the Nomination and Remuneration Committee, the Board approved the introduction of an additional employee stock purchase plan in the Company titled "Havells Employees Stock Purchase Plan 2016 framed in accordance with the SEBI (Share Based Employee Benefits) Regulations, 2014. Accordingly, the following are recommended for Shareholders approval in the ensuing AGM <BR><BR>- approval of Havells Employees Stock Purchase Scheme 2016 and its implementation through Trust<BR><BR>- Authorization for Havells Employees Welfare Trust to subscribe to shares for and under the Havells Employees Stock Purchase Scheme 2016<BR><BR>- Provisioning of money by the Company to the Havells Employees Welfare Trust/ Trustees for subscription of shares under the Havells Employees Stock Purchase Scheme 2016<BR><BR>2. Upon the recommendation of the Nomination and Remuneration Committee, the Board approved the recommendation to the Shareholders at the ensuing AGM, the re-appointment of 5 (five) independent directors for a 2nd term w.e.f. April 01, 2017 - Shri A P Gandhi, Shri V K Chopra, Shri S B Mathur, Shri S K Tuteja, Dr. Adarsh Kishore. The profile of all these Directors are available on the website of the Company in the Board of Directors section.