MAHAMAYA STEEL INDUSTRIES LTD. - Outcome Of Board Meeting Held On Wednesday The 11 November, 2020.

1. To reclassify the Authorized Share Capital of the Company and amend the Memorandum and Articles of Association<BR> of the Company accordingly.<BR> 2. To Alter the Articles of Association relating to Capital<BR> 3. To issue and Allot upto 12,00,000 Equity Shares of Rs.10/- each to M/S Escort Finvest Private Limited the Promoter<BR> Group Company at a price to be determined in accordance with the pricing formula prescribed under Chapter V of<BR> Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other<BR> applicable rules, regulations and guidelines of SEBI and applicable provisions of Companies Act,2013.<BR> 4. The date of Annual General Meeting is Wednesday the 23" December, 2020.<BR> 5. Considered and approved Standalone & Consolidated Unaudited Financial Results for the quarter and six months<BR> ended on 30 September, 2020 along with the Limited Review Report thereon, as submitted by the Statutory<BR> Auditors.