{LONGTERMINVESTORS} Anantraj-Is A De-rmerger Imminent? Insider Trading prohibition made effective May 30 2016

The Board discussed to realign and reorganize certain business activities of the company to have better focus and faster execution of projects. Over a period, the company has executed several projects either directly or through its subsidiaries/SPVS and presently there are very large numbers of projects (on going, upcoming and completed) at various locations. In this background, assessing the opportunities and risk, the Board believes that such a restructuring which may involve a demerger/hive off/spin off of certain projects will enable the company to carry out the business activities with greater focus and attention. Further, this will enable the Company to follow and adopt the varied business strategies to maximize the value for shareholders.

The Board has constituted a committee comprised of Mr Amit Sarin (Director and CEO), Mr. Maneesh Gupta (Director) and Mr. Amar Sarin-Chief Operating Officer (COO) to examine all relevant aspects of the process of this internal reorganisation and make suitable recommendations to the Board.

Further, the Board, in terms of the Company's Code of conduct for Prevention of Insider Trading, has decided to close the Trading Window for dealing in the securities of the Company for the designated persons and employees (as defined in the Code) including Directors, Promoters. The trading window shall remain closed from May 30, 2016 till 48 hours from the date of the approval of scheme of arrangement by the Board of Directors.

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