Outcome of meeting of the Board of Directors of the Company held on 28thOctober, 2016.

The Company has informed BSE that the Board of Directors of the Company at its meeting held on 28thOctober, 2016, inter alia, has approved:

a) unaudited financial results of the Company for the quarter and nine months ended 30th September, 2016; and

b) recommendation for appointment of M/s BSR & Co. LLP, Chartered Accountants, as Statutory Auditors at next Annual General Meeting to be held in 2017.