With reference to the news item appearing in the media regarding “Company in talks to dilute stake and had bagged 270 Crores order from UAE International Airport for Fire protection”, Nitin Fire Protection Industries Ltd has Clarified to BSE as under:

“1. The Board of Directors of the Company at their meeting held on May 17, 2014, has proposed to pass a Special Resolution in the ensuing Annual General Meeting pursuant to Section 62 and other applicable provisions of the Companies Act, 2013, for allotment of shares. In this connection the Company as informed both the stock exchanges the outcome of Board Meeting on May 17, 2014, please check point No. 6 of the outcome of the Board Meeting, and

2. The Company has a subsidiary company in Dubai, UAE, which got the order worth Rs. 270 Crores from UAE International Airport for Fire protection. Further, please note that today being a Friday and holiday in UAE, the Company will provide the detailed explanation for the order got by a subsidiary company at the earliest.”