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Rectification of error in outcome of Board Meeting held on 30th May 2017.

Please find enclosed rectification in outcome of Board Meeting held on 30th May 2017. While making submission Point No. 2 in covering letter & Point no.7 in notes to financial results regarding recommendation of dividend typo error occurred inadvertently.

The same is being corrected as:
2. The Board has recommended a dividend of Re. 0.10/- per equity share (i.e. 10%) of Re.1/- each for the financial year ended March 31 2017 subject to approval of shareholders in ensuing Annual General Meeting. Dividend if approved by the shareholders will be paid after 29th September 2017.
7. The board has recommended 10% (Re. 0.10 per share) dividend on equity shares subject to approval of shareholders in the forthcoming AGM.

Accordingly we are attaching herewith revised notes to financial results. The inconvenience caused to you is regretted. Kindly take our revised submission on record & oblige

RESPONIND: had sought clarification from Responsive Industries Ltd. with respect to announcement dated 30-May-2017 regarding \Outcome of Board Meeting held on May 30 2017.\. On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);The response of the Company is attached.

Pursuant to Regulation 33 and Regulation 30 read with Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby inform that the Board of Directors of the Company at its meeting held on Tuesday May 30 2017 has inter alia transacted the following:
1. The Board has approved the Audited Financial Results (Standalone & Consolidated) for the quarter/year ended March 31 2017. Copy of Audited Financial Results Statement of Assets & Liabilities along with Auditor` Report on Standalone & Consolidated financial results and Declaration with respect to unmodified opinion is enclosed herewith.
2. The Board has recommended a dividend of Re. 0.02/- per equity share (i.e. 2%) of Re.1/- each for the financial year ended March 31 2017 subject to approval of shareholders in ensuing Annual General Meeting. Dividend if approved by the shareholders will be paid after 29th September 2017.
3. The 35th Annual General Meeting of the Company will be held on Friday 29th September 2017.
4. As permitted under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 the Company has opted to submit only the quarterly and year-to-date standalone financial results of the Company to the stock exchanges other than the last quarter from financial year 2017-18 onwards.
5. The Board has re-appointed Mr. S.S.Thakur (DIN 00001466) as an Independent Non-Exectuive Director of the Company (whose term is expiring on conclusion of ensuing 35th Annual General Meeting) to hold office for five consecutive years for a term up to the conclusion of 40th Annual General Meeting subject to approval of members. The Brief profile of Mr. S.S.Thakur is attached herewith.
6. The Board has noted Resignation of Ms. Alpa Ramani Company Secretary & Compliance Officer of the Company w.e.f. 30th May 2017.
7. The Board has appointed Ms. Ruchi Jaiswal Associate Member of Institute of Company Secretaries of India having membership number A36356 as Company Secretary & Compliance Officer of the Company w.e.f. 30th May 2017.
8. In accordance with the provisions of Section 139 of Companies Act 2013 and the Companies (Audit and Auditors) Rules 2014 M/s. Haribhakti & Co. LLP Chartered Accountants have completed their term as Statutory Auditors of the Company.
Accordingly the Board on recommendation of Audit committee has appointed M/s. SGCO & Co. LLP Chartered Accountants (Firm Registration No.112081W/W100184) as Statutory Auditors of the Company to hold office for a term of five years from conclusion of 35th Annual General Meeting till the conclusion of 40th Annual General Meeting of the Company subject to approval of the shareholders. The Brief Profile of M/s. SGCO & Co. LLP is attached herewith.
9. The Board has proposed establishment of manufacturing unit for a capital outlay of USD 50-75 million in middle east.
10.  The Board has authorized Mr. Rajesh Pandey Director and/or Ms. Ruchi Jaiswal Company Secretary & Compliance Officer of the Company under regulation 30(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 to determine materiality of an event or information and for the purpose of making disclosures to the stock exchange(s) under this regulation and their contact details are enclosed herewith.
The meeting of Board of Directors of the Company commenced at 03.45 p.m. and concluded at 07.00 p.m.

Responsive Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30 2017 inter alia has recommended a dividend of Rs. 0.02/- per equity share (i.e. 2%) of Rs. 1/- each for the financial year ended March 31 2017 subject to approval of shareholders in ensuing Annual General Meeting. Dividend if approved by the shareholders will be paid after September 29 2017.

Rectification of error in outcome of Board Meeting held on 30th May 2017.

Please find enclosed rectification in outcome of Board Meeting held on 30th May 2017. While making submission Point No. 2 in covering letter & Point no.7 in notes to financial results regarding recommendation of dividend typo error occurred inadvertently.

The same is being corrected as:
2. The Board has recommended a dividend of Re. 0.10/- per equity share (i.e. 10%) of Re.1/- each for the financial year ended March 31 2017 subject to approval of shareholders in ensuing Annual General Meeting. Dividend if approved by the shareholders will be paid after 29th September 2017.
7. The board has recommended 10% (Re. 0.10 per share) dividend on equity shares subject to approval of shareholders in the forthcoming AGM.

Accordingly we are attaching herewith revised notes to financial results. The inconvenience caused to you is regretted. Kindly take our revised submission on record & oblige