Board Meeting-Outcome of Board Meeting

We wish to inform that the Board of Directors of the Company at its meeting held today (12.6.2018) has approved the following:

a. Sri M.Balasubramaniam, Managing Director, has not opted for reappointment on expiry of his present tenure of office on 27th June 2018.

b. Resignation of Sri M.Srinivaasan from the office of Joint Managing Director of the Company effective from 12th June 2018.

c. Appointment of Dr.M.Manickam, Executive Chairman, as Chairman & Managing Director of the Company effective from 12th June 2018.

The disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 is given in the annexure.

We request you to take the above on records.

The Board meeting commenced at 2.00 PM and ended at 3.00 PM. today.

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