Outcome of meeting of the Board of Directors of the Company held on 29th October, 2015

The Company has informed BSE that the Board of Directors of the Company at its meeting held on 29th October, 2015, inter alia, has approved:

a) unaudited financial results of the Company for the quarter and nine months ended 30th September, 2015; and

b) appointment of Mr. Suresh Narayanan (DIN: 07246738), Managing Director, as the Chairman of the Company with effect from 29th October, 2015.