National Standard (India): Board Meeting Outcome for Outcome Of Meeting

With reference to above we would like to inform that at the meeting held today the Board of Directors of the Company based on the recommendations of the Audit Committee and the Committee of Independent Directors has considered and approved the Scheme of Merger by Absorption of the following companies: Roselabs Finance Limited (RFL) National Standard (India) Limited (NSIL or the Company) and Sanathnagar Enterprises Limited (SEL):(RFL NSIL and SEL together referred to as Transferor Companies) with Macrotech Developers