Borax Morarji Limited, Board Meeting, Mar 07, 2013. Agenda: To seek shareholders consent by means of Postal Ballot for sale of Wind Mill Farms at Satara and Kutch under Section 293(1)(a) of the Companies Act, 1956.

Borax Morarji Limited has informed BSE that the Board of Directors of the Company at its meeting held on March 7, 2013, have decided to seek Shareholders consent by means of Postal Ballot for sale of Wind Mill Farms at Satara and Kutch.

Borax Morarji Limited reported unaudited standalone financial results for the third quarter and nine months ended Dec. 31, 2012. For the quarter, the company reported profit from operations before other income, finance costs and exceptional items of INR 9.84 million against loss of INR 0.689 million for the same period of last year. Profit from ordinary activities before tax was INR 6.2 million against loss of INR 7.52 million for the same period of last year. Net profit for the period was INR 3.9 million or INR 0.86 per diluted share against INR 4.99 million or INR 1.10 per diluted share for the same period of last year. Net sales/income from operations was INR 174 million against INR 247 million for the same period of last year. For the nine months, the company reported loss from operations before other income, finance costs and exceptional items of INR 21.15 million against profit of INR 20.68 million for the same period of last year. Loss from ordinary activities before tax was INR 36.19 million against profit of INR 1.95 million for the same period of last year. Net loss for the period was INR 25.08 million or INR 5.55 per diluted share against profit of INR 1.23 million or INR 0.27 per diluted share for the same period of last year. Net sales/income from operations was INR 458 million against INR 595 million for the same period of last year.