OMAXE LTD. - Updates on Outcome of Board Meeting

Omaxe Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 02, 2014 has considered and approved the Issuance of Secured Non-Convertible Redeemable Debentures and/or other Debt Securities for an aggregate amount of Rs. 500,00,00,000/- (Rupees Five Hundred Crores only) in one or more tranche and constituted a Committee and delegated the powers for further actions in this regard.