Orbit Corporation Ltd has informed BSE that that the Members of the Company by way of postal ballot have approved the following Resolutions with requisite majority:

1. Increasing the borrowing limits of the Company.

2. Authority to make loan(s) and / or give any guarantee(s) / provide any securities in connection with loans made to and / or acquire by way of subscription, purchase or otherwise the securities of any body Corporates.

3. Issue of Securities through Qualified Institutional Placement.

4. Issue of Securities under the Employee Stock Option Plan 2008.

5. Issue of Securities under the Employee Stock Option Plan 2008 to employees of Company’s Holding / Subsidiary Company.