HOVS

May 29, 2017

To

The Manager- Compliance Department National Stock Exchange of India limited 'Exchange Plaza',Bandra Kurla Complex, Bandra (East), Mumbai-400 051

To

The Manager- Compliance Department Bombay Stock Exchange limited

Floor 25, P.J. Tower, Dalal Street, Mumbai -400 001

NSE symbol: HOVS BSE Scrip Code: 532761 Subject: Intimation of outcome of the Board Meeting held on May 29, 2017

Dear Sir,

This is to inform that the Board of Directors of the Company at its meeting held today,inter alia, had approved the following:-

i. Audited standa lone financial results of the Company for 4th quarter ended on March 31,2017; ii. Audited standalone & conso lidated financial results for financial year ended on March 31,2017;

  1. Restructuring/conversion of security, provided to a bank for HOV Environment Solutions Private Limited, its subsidiary company, into loan of amount not exceeding 10 Crore to said subsidiary, subject to shareholders' approval;

  2. Appointed M/s. BAGARIA & Co., Chartered Accountants as Statutory Auditors, subject to shareholders' approval, in place of Lodha & Co., the retiring auditors from the conclusion of ensuing 29th annual general meeting;

  3. Accepted the resgination of Mr. Parvinder S Chadha,as a Director of the Company;

  4. To convene 29th Annua l General Meeting on September 1,2017; and

  5. The Register of Members and Share Transfer Books of the Company will remain closed from August 29, 2017 to September 1,2017 (both days inclusive) for the purpose of 29th AGM.

Please find enclosed the audited financial results along with Auditors' report. The Report of the Auditors is with unmodified opinion with respect to the Audited Financial Results (Standalone and Consolidated) of the Company for the year ended March 31,2017.

Kindly take the above on record. Thanking you,

Yours faithfully,

For HOV Services limited

-

Bhuvanesh Sharma

VP-Corporate Affairs & Company Secretary & Compliance Officer

HOV Services Limited

Office : 3rd Floor, Sharda Arcade, Pune Satara Road, Bibwewadi Pune - 411 037, Maharashtra, INDIA CIN : L72200PN1989PLC014448 Tel: 91-20 24221460 , Fax: 91-20 24221470, www.hovsltd.com

HOV Services Limited published this content on 29 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 June 2017 13:53:23 UTC.

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