Excel Crop Care: Outcome of Board Meeting

This is to inform you that at the Meeting of the Board of Directors of the Company held on 20th August 2019 the Board has taken on record the Copy of the Order dated 27th June 2019 passed by the Honble National Company Law Tribunal Mumbai Bench (Honble NCLT) sanctioning the Scheme and has fixed Saturday 31st August 2019 as the Effective Date on which date the Certified Copy of the Order dated 27th June 2019 of the Honble NCLT will be filed with the Registrar of Companies Mumbai. On the Effective Date the Company shall stand dissolved without being wound up as envisaged in Scheme.

Further the Board of Directors of the Company has also fixed Saturday 31st August 2019 as the Record Date for the purpose of determining the shareholders of the Company (other than SCIL) who shall be entitled to receive equity shares of SCIL as consideration pursuant to the Scheme.

The Meeting of the Board of Directors of the Company commenced at 11.00 a.m. and concluded at 12.50 p.m.