1. The Board declared an interim dividend of 10% amounting to Rs. 1/- per Equity Share (Face value of Rs. 10/- each) on a capital base of Rs. 3673.28 Lakhs for the financial year 2015-16.

2. The Board approved the proposal to enhance the present limit of borrowing by issue of Secured Non Convertible Redeemable Debentures (NCDs) from Rs. 320 crore to Rs. 325 crore on a private placement basis to be deployed for the following:

i) Repayment of dues for the existing Term Lenders.

ii) To finance augmentation of the capacity of Cement & Boards Divisions.