LLOYD ELECTRIC and ENGINEERING LTD. - Outcome of Board Meeting

Lloyd Electric and Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held <br/>August 08, 2014, inter alia, have considered and approved the following:<br/><br/>1. The matter regarding alteration of Articles of Association of the Company in conformity with the provisions of the Companies Act, 2013.<br/><br/>2. To conduct Postal Ballot process for obtaining shareholders approval by way of Special Resolution for the following business:<br/><br/>a. Under Section 180(1)(a) of the Companies Act, 2013 and the Rules made there under pertaining to the authorization for creation of Charge/mortgage over the assets of the Company.<br/><br/>b. Under Section 180(1)(c) of the Companies Act, 2013 and the Rules made there under pertaining to the borrowing limits of the Board of Directors of the Company.<br/><br/>c. Under Section 14 of the Companies Act, 2013 and the Rules made there under pertaining to alteration of Articles of Association of the Company in conformity with the provisions of the Companies Act, 2013.<br/><br/>3. Appointment of Mr. Sanjay Chugh, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner and approval of Calendar of events for the said postal ballot.