Deepak Spinners: Outcome of Board Meeting

This is to inform you that the Board at its meeting held today -

i) Approved the Audited Financial Results of the Company for the year ended 31st March 2019.

ii) Recommended a dividend of Rs. 1.50 (Rupees One and Paise Fifty Only) per share of Rs. 10/- each equivalent to Rs. 15% (Fifteen Percent) on paid up equity share capital of the Company for the year ended 31st March 2019. The dividend will be subject to approval of the shareholders in the forthcoming Annual General Meeting of the company.

The dividend when declared by the Company in Annual General Meeting will be paid in accordance with the relevant law for the time being in force.

The Financial Results along with the Audit Report declaration on unmodified opinion on Auditors Report are attached herewith for your records. The meeting commenced at 12.30 p.m and concluded at 3.00 p.m.