Outcome of board meeting of ACE EduTrend

Held on 10 July 2014

ACE EduTrend announced that the Board of Directors of the Company at its meeting held on 10 July 2014, inter alia, has taken following important decisions:

1. Approved the Sub-Division of existing shares from Rs. 10/-each to Rs. 1 each, in accordance with the provisions of the Companies Act, 2013 & other applicable provisions, if any.

2. Approved the proposal for Issue of FCCBs upto USD 20 million.

3. Board has considered the appointment of Maninder Singh Nayyar as Chief Executive Officer of the Company.

4. Considered the Annual General Meeting of the Company to be held on 25 August 2014 at Hindi Bhawan, 11, Vishnu Digambar Marg, New Delhi-110002 at 10:00 A.M.

5. Considered & reviewed the business plan for the F.Y 2014-15.

6. Considered & approved the NSDC proposal for submission.

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