RICOH INDIA LTD. - Outcome of Board Meeting

Ricoh India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 01, 2014, inter alia, have approved the following :<br/><br/>1. Issue of Non Convertible Debentures by way of Private Placement.<br/><br/>2. To conduct Postal Ballot to seek approval of the Members of the Company in respect of following matters :<br/><br/>- Issuance of Non Convertible Debentures to the eligible investors through Private Placement in terms of provisions of Section 42 of the Companies Act, 2013.<br/><br/>- To authorise the Board to borrow money in excess of aggregate of Paid Up share capital and free reserves of the Company in terms of the provisions of Section 180(1)(c) of the Companies Act, 2013 upto an amount not exceeding Rs. 300 Crores at any time.<br/><br/>- To authorise the Board to create charge/mortgage on the assets of the Company to secure borrowings of money upto an amount not exceeding Rs. 300 Crores at any time in terms of the provisions of Section 180(1)(a) of the Companies Act, 2013.