VBC Ferro Alloys Ltd has informed BSE about Outcome of Shareholders and Unsecured Creditors Meeting held on December 05, 2015. In compliance with the provisions of the Listing Agreement, we wish to inform you that a Meetings of the Shareholders and Un-secured Creditors has been conducted by the respective Chairperson/Chairman appointed by Flon'ble High Court of Flyderabad on 05.12.2015 for approval of scheme of arrangement between shareholders of VBC Ferro Alloys Limited and VBC Power Company Limited to hive off/demerger of Power Division of VBC Ferro Alloys Limited into VBC Power Company Limited by Shareholders and Un-secured Creditors. (1) Ms.Rashmi G Kamat, Chairperson of the meeting of the Shareholders, who is appointed by Flon'ble High Court of Hyderabad for the States of Andhra Pradesh and State of Telangana declared that the said Resolution has been approved by the Shareholders with a requisite majority and report is being submitted to the Hon'ble High Court. (2) Mr.T. Niranjan, Chairman the meeting of the Un-secured Creditors who is appointed by Hon'ble High Court of Hyderabad for the States of Andhra Pradesh and State of Telangana declared that the said Resolution has been approved by the Un-secured Creditors with a requisite majority and report is being submitted to the Hon'ble High Court. Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company held on 13th November, 2019 and the same was adjourned and held on 15th November 2019 at the Registered Office and the board considered and approved the following: 1 . The Board reviewed and taken on record the Un-Audited Financial Results or the quarter/half year ended 30th September 2019 2. Board approved the valuation report and scheme for merger of Orissa Power Consortium Limited with VBC Ferro Alloys Limited. 3. Board approved the valuation report and scheme for demerger of Power Project Division in VBC Power Company Limited. 4. Authorized Shri M.V. Ananthakrishna Whole-Time Director to file scheme of Merger and Demerger with Bombay Stock Exchange and to do all other required works as may be required in this regard (As per BSE Announcement Dated on 15.11.2019) 1. The Board reviewed and taken on record the Un-Audited Financial Results for the quarter/half year ended 31st December 2019 2. The Board decided to take up the demerger of the Power Division from VBC Ferro Alloys Limited on a priority basis first and the merger of Orissa Power Consortium Limited with VBC Ferro Alloys Limited later in phase II. (As Per BSE Announcement dated on 14.02.2020)