Indo Rama Synthetics India : Outcome of Board Meeting 15-jan-2019

INDORAMA
IRSL :STEXCH :2018 -19:
151h January 2019
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, 51h Floor,	Floor 25,
Bandra - Kurla Complex,	P. J. Towers,
Bandra (E), Mumbai - 400 051 .	Dalal Street, Mumbai - 400 001 .
Thru .: NEAPS	Thru .: BSE Listing Centre
Stock Code NSE: INDORAMA	Stock Code BSE : 500207

ISIN: INE156A01020

Indo Rama Synthetics (India) Limited - CIN L17124MH1986PLC166615

Sub.: Outcome of the Board Meeting held on 15th January 2019

Dear Sir,

This is in continuation to our letter dated 151h January 2019 and pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Re~ulations, 2015, we would like to inform you that the Board of Directors, in their meeting held today, i.e., 15 h January 2019, have considered and approved following:

i) Issuance of 10,02,00,000 Equity Shares of the Company to the Promoter Group and Non - Promoters by way of preferential basis, as per details given below:

Name of the Proposed Allottees	Category	No. of Equity Shares proposed to be allotted	Ultimate Beneficial Owners of proposed al lottees
lndorama Netherlands B.V.	Promoter Group	8,30,00,000	lndorama Ventures Public Company Limited (Incorporated in Thailand) Listed on the Stock Exchange of Thai land
Siam Stock Holdings Limited	Non-Promoter	1,72,00,000	Ms. Nishita Kirit Shah is the sole shareholder of S iam Stock Holdings Ltd.

The Equity Shares allotted at a price of Rs .36/- (Rupees Thirty Six only) per equity share or at a price to be determined in accordance with the SEBI (ICDR) Regulations, 2018, whichever is higher. The Relevant Date for the purpose of preferential basis Equity Shares shall be 151h January 2019 .

ii)To increase in the Authorised Share Capital of the Company from exist ing Rs.235, 10 ,00,000/- to Rs .275,00,00,000/-.

iii) In view of above, proposed Special/Ordina ry Resolutions to be passed by way of Postal Ballot I Remote e-Vot ing .

The meeting of the Board of Directors commenced at 12:00 Noon and concluded at 4 : 25PM .

This is for your kind information and resord .

Thank ing You .

Yours faithfu lly , f: Indo Ra ~hts (India) Limited

Ya; a~od

CHRO & Company Secretary (ICSI Membership No .: FCS 4482)

IN DO RAMA SYNTHET ICS (INDIA) LTD .

Corporate Office : 20th F loor, DLF S qua re. DLF Ph a se - 2. NH -8, Gurugram. 12200 2 , Haryana,lndia . Te l 0124 -4997000, Fax : [phone]

Regi stered Offi ce f., M an 11 fa c turing Comp lex A -3 t. M tDC Indu stri a l A rea . But 1b o n, Nagpur. . 441 122 .. Mah a r as h~r a .. l ndl a . Tel : [phone] I 0 I , Fax: [phone] E-mai l : corp@ indorama -ind.com • Webs1te :www.mdoramamd1a.com

CIN : LI71 24MH 1986PLC I 666 15