INDIA HOME LOAN LTD. - Outcome of Board Meeting

India Home Loan Ltd has informed BSE about the outcome of its meeting held on March, 20th, 2017. The Board: 1. Granted approval to the Company to borrow money as per section 179 (3) (d) & section 180(1)( c) of the Act. 2. Recommended & approved increase in the managerial remuneration of Mr. Mahesh Pujara,MD, as per section 197 read with schedule V of the Act. 3. Recommended & approved increase in the managerial remuneration of Mr. Mitesh Pujara,WTD, as per section 197 read with schedule V of the Act. 4. Approved the record date & Notice for postal ballot for approving item no. 1,2 & 3 above. 5. Appointed Mr. Ulhas Shetty, of M/s. Ulhas Shetty & Co., Company Secretaries, as Scrutinizer for conducting the Postal Ballot procedure. 6. Took note of prepayment of term loan & authorised Director to file e-form with ROC, Mumbai. 7. Apprised w.r.t the business & operational matters. 8. Approved the Company to invest funds of the Company as per Section 179(3)(e) of the Act.