1. R. Ram Mohan was elevated and appointed as Chairman of the Board effective from 04 May 2015. He falls under the category of Non-executive.

2. Kush S Desai was appointed as whole-time Director with the designation as Joint Managing Director effective 04 May 2015.

3. Board approved the proposal to obtain the consent of members through postal ballot for appointment of Kush S Desai as Whole-time Director, confirming the appointment of Shweta Shetty and Sudhir V Kamath as Directors [appointed as additional directors on 30 March 2015] and for availing financial assistance / providing guarantee/security from / to related party[ies].