DCM Ltd. — Board/Management Information 2019

Feb 11, 2019

February 11, 2019

BSE Limite Floor'). , Phiroze Jeejeebhoy Towers, Dalal Street, ~mbai-400 001

ational Stock Exchange of India Ltd. Exchange Plaza, Plot no. c/i. ^G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Subject: Outcome of Board Meeting dated February 11, 2019 (Scrip Code: 502820jDCM)

Dear Sir,

This is to inform you that:

• 1. the Board of Directors of the Company at its meeting held today i.e. 11.02.2019, have:
• a. noted the cancellation of 90,30,495 Equity Shares of Rs. 10/- each fully paid up of DCM Limited held by Crescita Enterprises Private Limited pursuant to Scheme of Amalgamation of Crescita Enterprises Private Limited into and with the Company and their respective shareholders and creditors ('Scheme') as sanctioned by Hon'ble National Company Law Tribunal, Principal Bench, New Delhi ('NCLT') on January 8, 2019 and became effective on January 30,2019.
• b. approved allotment of 90,30,495 equity shares of Rs. 10/- each fully paid up of DCM Limited to the shareholders of Crescita Enterprises Private Limited as on the record date i.e. 30.01.2019 in proportion to the equity shares held by them in Crescita Enterprises Private Limited, in terms of the said Scheme, details of which are given below:

Name of Allottees	Number of Equity Shares of Rs. 10/-each fully
	paid up of the Company
Dr.Vinay BharatRam	90,28,689
Mr.Sumant Bharat Ram	1,806
Total	90,30,495

The information as required under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, ('LODR') read with Schedule III Part-A to the LODR and SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is as follows:

Tvpe ofsecuritiesissued	Equity Shares
Type of Issuance	Pursuant to Schemeof Amalgamation
Total No. of Securitiesissued	90,30,495equity shares of Rs. 10/- each fully
	paid-up
Total Amount for Which Securitiesissued	-N.A

• 1. The Board of Directors of the Company in its meeting held on October 15, 2016 had approved a Composite scheme of Arrangement ('the Composite Scheme') which was further amended!modified in itssubsequent meetings held on February 13,2017 and May 30, 2018 for the:
• a. Amalgamation of Tiara Investment Holdings Limited into Purearth Infrastructure Limited, a jointly controlled entity ('the AmalgamatedCompany'), with effect from December 31,2016·

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e-mail id: investors@dcm.in

Registered Office : Vikrant Tower, 4, Rajendra Place, New Delhi-I 10008 Phone: (011) 25719967 Fax: (011) 25765214 eIN: L74899DL1889PLC000004 Website: www.dcm.in E-mail: dcmltd@dcm.in

• b. Demerger of the Real Estate business ofDCM Limited, as defined in the Composite Scheme, into DCM Realty and Infrastructure Limited ('the Resulting Company'), on a going concern basis with effect from January 1,2017; and
• c. Following the amalgamation as referred to in (a) and demerger as referred to in (b) above, amalgamation of the Amalgamated Company, i.e. Purearth Infrastructure Limited (PIL) with the Resulting Company, i.e. DCM Realty and Infrastructure Limited, with effect from January 01, 2017.

Keeping in view of the ongoing observations of the Stock Exchanges /SEBI on the aforesaid Composite Scheme in the current form and the resultant delay in obtaining No- objection from stock exchanges/SEBI, the Board of Directors of the Company in its meeting held on February 11, 2019 have decided to withdraw the aforesaid Composite Scheme and to inform the stock exchanges accordingly.

The same may kindly be read in compliance with Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time.

This is for your information and records.

Thanking you,

Yours truly, ~ Fo imited .f \ ..