MARAL OVERSEAS LTD. - Outcome of Board Meeting

Maral Overseas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 20, 2017, <BR>inter alia, have considered the redemption of 4,71,350 8% Cumulative Redeemable Preference Shares (CRPS) aggregating to Rs. 4,71,35,000 which are due for redemption on March 31, 2017.<BR><BR>The meeting of the Board of Directors commenced at 12.00 Noon and concluded at 2.40 P.M.