VENKY'S (INDIA) LTD. - Outcome of Board Meeting

Venkys (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2014, has proposed to seek approval of the members of the Company through postal ballot pursuant to Section 110 of the Companies Act, 2013, for the following:<br/><br/>1. Increase in borrowing limits from Rs. 150 Crores to Rs. 500 Crores over and above aggregate of the paid up capital and free reserves of the Company;<br/><br/>2. Creation of Charges to the extent of Rs. 500 Crores over and above the aggregate of paid up capital and free reserves, on the movable and immovable properties of the Company, in respect of borrowings; and<br/><br/>3. Issuance of privately placed debt securities i.e. Non Convertible Debentures for an amount not exceeding Rs. 250 crores.