Intimation of appointment of independent director

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; we hereby inform you that the Board of Directors at its meeting held on 12th August, 2017 appointed Sri. E M Nagasivam, as an Independent Director with effect from 12th August, 2017 to hold office up to the date of the ensuing 29th Annual General Meeting of the Company.

Sri. E M Nagasivam’s appointment as Independent Director is subject to approval of shareholders and the term of office shall be decided by the shareholders at the ensuing 29th Annual General Meeting of the Company.

It may be noted that Sri. E M Nagasivam is not related to any Directors of the Company. Brief profile of Sri. E M Nagasivam: (DIN 07894618; Date of Birth 02.05.1957) is as under, Sri. E M Nagasivam, a Commerce Graduate, retired as Senior Divisional Manager of The Oriental Insurance Company Ltd after working in various capacities in the Insurance PSU. He has wide experience in handling various general insurance matters and risk related issues, while serving .

He holds no Directorship / membership of committees in other Companies. He does not hold any share in the Company.