Results of Postal Ballot

99.52% votes in favour of Mr. Sanjiv Mehta's appointment as the Managing Director and Chief Executive Officer of the Company.

Declaration of the results of Postal Ballot

Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 approval of the Members of the Company was sought by means of Postal ballot vide Notice dated 24th September, 2013, for the Special Resolution under Section 268 ,309 and Schedule XIII of the Companies Act, 1956 with respect to the appointment of Mr. Sanjiv Mehta as the Managing Director and Chief Executive Officer of the Company for a period of five years, with effect from 10th October, 2013.

Based on the Scrutinizer’s Report dated 31st October, 2013 the Chairman has declared the Results of Postal Ballot as under:

Accordingly, the Special Resolution as set out in the Notice dated 24th September, 2013 was passed by shareholders with overwhelming majority of 99.52% votes cast in favour of resolution.