Postponement of Audit Committee Meeting

• Security Code: 514215
• Company: BINNY

With reference to the Notice calling Board Meeting dated October 31, 2016, Binny Ltd has now informed BSE that the Board of Directors meeting held on November 08, 2016 could not consider and approve the unaudited financial results for the quarter ended September 30, 2016, since the Audit Committee meeting has not held on November 08, 2016 for want of quorum.

The Chairman of the Audit Committee Justice Shri.S. Jagadeesan, Independent Director has confirmed that the quorum was not met as two Independent Directors - Committee Members, Dr. D.V.R. Prakash Rao and Smt. T.Manisriram have requested for leave of absence as they are not in station and they will not be in a position to attend the meeting.

Pursuant to Regulation 18 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 presence of two Independent Directors - Committee Members are mandatory for convening the Audit Committee Meeting. Hence, it is decided to postpone the meeting of Audit Committee to another date.

Consequently, there will be another Audit Committee Meeting and Board Meeting to consider and approve the unaudited financial results of the Company for the quarter ended September 30, 2016, for which an intimation will be sent separately.