HOUSING DEVELOPMENT and INFRASTRUCTURE LTD. - Outcome of Board Meeting

Housing Development and Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2014, inter alia, has:<br/><br/>1. Approved the notice convening Eighteen Annual General Meeting of the Company along with Directors Report and Corporate Governance Report for the financial year ended March 31, 2014.<br/><br/>2. Considered to issue security up to US$ 400 million subject to approval of the shareholders at the forth coming annual general meeting.