1. The Board has approved the resignation of Mannil Venugopalan as an Independent Director of the Company.

2. The Board has recommended the appointment of Praveen Gupta as an Independent Director of the Company, for the approval of the shareholders at the ensuing Annual General Meeting of the Company.

3. The Board has authorized the Chief Executive Officer to decide the date of Annual General Meeting and Book Closure dates.

4. The Board has recommended a dividend of Rs. 2 (two) per share (20%) for the financial year ended on 31 March 2015 for the shareholders of the Company.