Outcome of Board Meeting

• Security Code: 533761
• Company: GPTINFRA

GPT Infraprojects Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on November 09, 2012, inter alia, has considered and approved the following matters :

1. The sale/ transfer or otherwise dispose off, the whole of the Company’s Wind Power Business i.e. 2 nos. Wind Turbine Generator based power plants each having 1.25 M.W. capacity both located at Irukkandurai, Radhapuram, Dist. Tirunelveli, Tamilnadu, subject to the approval of the shareholders under section 293(1)(a) of the Companies Act, 1956, through postal ballot process.

2. The alteration of the Clause lll(C) i.e. Other Objects of the Memorandum and Articles of Association of the Company by inserting/ adding the new sub-clauses (33) in respect of business of buying, selling, reselling, importing, exporting and trading of all kinds Goods and (34) for business of manufacturers, fabricators, engineers, consultants, re-sellers, job-workers, contractors, erectors of iron and steel structures in any form and shapes for various application and uses immediately after the existing sub-clause 32 subject to the approval of the shareholders through postal ballot process.

3. The alteration of Clause V of the Memorandum of Association of the Company by reclassifying/restructuring the Authorized share capital of the Company to Rs. 50,00,00,000 (Rupees Fifty Crore Only) divided into 5,00,00,000 (Five Crore) Equity Shares of Rs. 10/-(Rupees Ten only) without increase in overall share capital subject to the approval of the shareholders through postal ballot process.

4. To authorize the Board under section 293 (1) (d) of the Companies Act, 1956 to borrow upto Rs. 700 Crore instead of Rs. 450 Crore as presently authorized, subject to the approval of the shareholders through postal ballot process.

5. The commencement of business proposed in Sub-clauses (33) and (34) covered under Clause III (C) (the Other Objects) of the Memorandum of Association of the Company subject to the approval of the shareholders through postal ballot process.