Outcome of Board Meeting

The Board of Directors of the Company at its meeting held on 17th March, 2015, discussed and approved the following matters

1. Resignation of Mr. Hinesh Doshi as Alternate Director to Mr. S.S. Lee has been accepted with immediate effect.

2. Mr.Bharat A. Desai has been appointed as Chief Financial Officer (CFO) of the Company w.e.f. 17th March, 2015.