MAX INDIA LTD. - Outcome of Board Meeting

Max India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014, has recommended to the shareholders following items for their approval by way of Postal Ballot under provisions of the Companies Act, 2013 in lieu of approvals already accorded under the provisions of the Companies Act 1956:<br/><br/>1. resolution under section 180 (1) (a) of the Companies Act, 2013 for creation of charge/pledge/mortgage to secure the borrowings of the Company, from time to time; and<br/><br/>2. resolution under section 180 (1) (c) of the Companies Act, 2013 for borrowing limit of the Company up to an amount of Rs. 750 crores.