Modison: Outcome of Board Meeting (AGM on August 09, 2016)

Modison Metals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2016, inter alia, have decided following:-

1. The Board declared that interim dividend which is already declared is the final dividend.

2. The 33rd Annual General Meeting (AGM) of the Company will be held on Radio Room, The Bombay Presidency Radio Club Ltd., 157, Arthur Bunder Road, Colaba, Mumbai - 400005 on Tuesday, August 09, 2016 at 11.30 A.M

3. Re-appointment of Mr. Rajkumar Modi, Whole time Director

The Board has approved the re-appointment of Mr. Rajkumar Modi as the Whole time Director of the Company for a term of three years from June 01, 2016 to May 31, 2019, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

4. Recommendation to increase authorized share capital:

The Board recommended to increase authorized share capital from Rs. 325 Lacs to Rs. 1000 Lacs, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.