MMTC Ltd has informed BSE that the shareholders of the Company, by way of Postal Ballot, have passed the following Special Resolutions:

1. Alteration in the Object Clause of the Memorandum of Association of the Company to the extent of inclusion after Clause 35 of Object Clause (III) of the Memorandum of Association of the Company -

35 A: To carry on the business of purchasing, selling, importing, exporting, producing, trading, manufacturing or otherwise dealing in all aspects of planning, investigation, research, design and preparation of preliminary, feasibility and project reports, construction, generation, operation & maintenance, renovation & modernisation of Power Stations and Projects, Transmission, distribution, sale of Thermal, Hydro, Nuclear power and power generated through Non-Conventional Renewable Energy sources, including power generated based on any source of energy as may be developed or invented in future and also to undertake the business of other allied / ancillary industries including those for utilisation of steam generated at power stations, and other by-products and install, operate and manage all necessary plants, establishments and works,

35 B: To carry on the business of purchasing, selling, trading whether in domestic or in International market of Certified Emission Reduction (available through CDM i.e. clean Development Mechanism).

2. Authority to the Board for investment of a sum not exceeding Rs 32.95 crores, to be funded out of internal accruals / reserves of MMTC, for subscribing / acquiring equity shares of M/s. SICAL Iron Ore Terminals Ltd, Chennai to set up port with loading facilities at Ennore Port, ensuring that MMTC’s equity stake in the said Company does not exceed 26% of the paid up capital of M/s. SICAL Iron Ore Terminals Ltd, Chennai.

3. Authority to the Board for investing a sum of Rs 26 crores to be funded out of internal accruals / reserves of MMTC, for subscribing / acquiring equity shares of Special Purpose Vehicle (SPV) being created by M/s. India Bulls, Gurgaon for setting up of a commodity Exchange in India, ensuring that MMTC’s equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.

4. Authority to the Board for investing a sum of Rs 12.48 crores to be funded out of internal accruals / reserves, for subscribing / acquiring equity shares of Special Purpose Vehicle (SPV) being created jointly with M/s. PAMP S.A. for setting up a project for minting & refining of gold & silver ensuring that MMTC’s equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.

5. Authority to the Board for investing a sum of Rs 11.70 crores to be funded out of internal accruals / reserves, for subscribing / acquiring equity shares of Special Purpose Vehicle (SPV) being created for setting up a retail chain for jewellery, ensuring that MMTC’s equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.

6. Authority to the Board to increase MMTC’s equity investment limit in M/s. Haldia Free Trade warehousing Pvt Ltd, New Delhi, from Rs 14.00 crores Rs 16.00 crones for setting up free trade and warehousing project at Haldia, to be funded out of the internal accruals / reserves, for subscribing / acquiring equity shares of Haldia Free Trade Warehousing Pvt. Ltd. ensuring that MMTC’s equity stake in the said Company is maintained at 26% of the paid up equity capital of M/s. Haldia Free Trade Warehousing Pvt Ltd, subject to necessary provisions & approvals.

7. Authority to the Board for initially investing a sum of Rs 1.30 Lakhs to be funded out of internal accruals / reserves, for subscribing / acquiring equity shares of special purpose vehicle (SPV) created by M/s. India Bulls Real Estate Ltd. for bidding for 1800 MW power plant for Talwandi Sabo Power Ltd. Punjab ensuring that MMTC’s equity in the said SPV does not exceed 26% of the paid up equity capital of the said SPV.