Outcome of proceedings of the Board Meeting held on 28th March, 2018 With regard to the captioned subject, we hereby inform you that the Board of Directors of Poddar Housing and Development Limited have, at the meeting held on 28th March, 2018, approved the Scheme of Amalgamation of Poddar Housing Private Limited ('PHPL') with Poddar Housing and Development Limited ('PHDL' or 'the Company') and their relevant shareholders (herein referred to as the 'Scheme') under the provisions of section 230-232 of the Companies Act, 2018. The detailed disclosure as required under Regulation 30 of the Listing Regulations. 2015 read with Circular CIR/CFD/CMD/4/2015 dated 9th September, 2015 is enclosed as Annexure - A. This is with reference to our letter dated 28th March, 2018 intimating the approval of the Board of Directors ('Board') of Poddar Housing and Development Limited ('Company') in relation to the draft Scheme of Amalgamation of Poddar Housing Private Limited with the Company and their respective Shareholders ('Scheme') under Sections 230 to 232 of the Companies Act, 2013 and other applicable provisions, if any, of the Companies Act, 2013. The Board at its meeting held today reviewed the proposal and decided to withdraw the Scheme of merger of Poddar Housing Private Limited with Poddar Housing & Development Limited in view of the uncertainty and delay of approval from NCLT, which was pending at and subject to the approval the Hon'ble National Company Law Tribunal ('NCLT'), Mumbai Bench as the Scheme was filed with the Hon'ble NCLT, Mumbai Bench for admission on 19th December 2018 and now scheduled on August 6, 2019. The entire process was expected to be completed within 6-8 months from the date of application with the Hon'ble NCLT and hence the board has decided to withdraw the scheme of merger in its meeting of June 24, 2019. The same may kindly be read in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Request you to take the same on record. Thanking You, Yours faithfully, Hemal Shah Company Secretary (As Per BSE Announcement Dated 24.06.2019) Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 of approval for the withdrawal of the Scheme of Amalgamation of Poddar Housing Private Limited with Poddar Housing and Development Limited (As Per BSE Announcement Dated 07.08.2019)