Era Infra Engineering: Outcome of Board Meeting

Era Infra Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 10, 2015, inter alia, has transacted the following,

1. Approved the allotment of 149,771,800 equity shares of face value of Rs. 2/- each at a premium of Rs. 10/- per share upon conversion to the holders of 17,972,616 Nos. Zero Coupon Compulsory Convertible Debentures (ZCCDs) under category 'Promoter & Associates' upon exercise of conversion option by them as per the terms of issue.

2. Appointed Mr. Abhay Kumar Singh as Nominee Director of the Company on behalf of Lenders of the Company.

3. Appointed Ms. Chetna Kumar as Non-Executive & Independent Woman Director of the Company in terms of provision of Companies Act, 2013, Rules made thereunder, Clause 49 of Listing Agreement, as amended from time to time & SEBI circular dated September 15, 2014.