Binny: Board Meeting on March 27, 2015

Binny Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 27, 2015, inter alia, to consider and approve the following:

1. To consider appointment of 2 Independent Directors.

2. To consider and approve the Scheme of Arrangement between the Company and its Preference Shareholders under section 391 to 394 read with Sections 100 to 103 and other applicable provisions of the Companies Act, 1956 for cancellation of Cumulative Redeemable Preference Shares of the Company issued to M/s. Mohan Breweries and Distilleries Limited, a Company under the same Management and issue of Non-Convertible Debentures at discount in lieu thereof, subject to the approval of the shareholders through Postal Ballot and E-voting, Bombay Stock Exchange, SEBI and High Court of Madras.