Outcome of the Board Meeting held on 13th February, 2020

The Company has informed BSE that the Board of Directors in its meeting held on 13^th February, 2020 have :
a) Approved the Audited Financial Results for the year ended 31st December, 2019;
b) Recommended final dividend for the year 2019 of Rs. 61.00 (Rupees sixty one only) per equity shares of Rs.10.00 each;
c) Approved convening of 61^st Annual General Meeting of the Company on Friday, 8^th May, 2020; and
d) Recommended to the shareholders for approval re-appointment of Mr Suresh Narayanan as a Whole-time Director, designated as “Managing Director with effect from 1^st August, 2020 for another term of five years and appointment of Mr David McDaniel, as Whole-time Director, designated as “Executive Director – Finance & Control and Chief Financial Officer” with effect from 1^st March, 2020, for a term of five years, subject to requisite approvals.

The Register of Members and Share Transfer Books of the Company shall remain closed from 18^th May 2020 to 19^th May 2020 (both days inclusive) for the purpose of Annual Closing and determining entitlement of the members to the final dividend for 2019. The final dividend, if approved by the shareholders at 61st AGM, shall be paid on and from 28^th May 2020.