Withdrawal of Nomination of Ms. Manjiri Bhalerao:

     Export Import Bank of India has withdrawn the nomination of Ms. Manjiri Bhalerao, (being a Nominee Director) from the Directorship of the Company with effect from December 08, 2014.      The notice was received by the Company on December 19, 2014.
 
Resignation of Directors

Mr. K. Balasubramanian has communicated his inability to continue with the Board, as he is settled abroad and hence, would not be able to participate in the regular Board process. The Board has accepted his resignation at the Board meeting with effect from May 27, 2015. Further, Mr. Girish Kulkarni and Mr. Neelesh Wagle (alternate director to Mr. Girish Kulkarni), have conveyed their inability to continue with the Board of the Company due to preoccupations, with effect from May 27, 2015. The Board places on record its sincere appreciation for the valuable contribution and guidance provided by them during their tenure as the Independent Directors of the Company.

Adoption of new code of internal procedures and conduct for regulating, monitoring and reporting of trading by insiders

The Board has approved the new code of conduct for regulating, monitoring and reporting of trading by insiders of the Company w.e.f May 15, 2015.


Change in Directorate

1. Mr. V. Santhanaraman has communicated his inability to continue with the Board, due to preoccupations. The Board has accepted his resignation at the Board meeting with effect from August 05, 2015. The Board places on record its sincere appreciation for the valuable contribution and guidance provided by him during his tenure as the Independent Director of the Company.

2. Mr. Goutam Auknoor and Mr. B. N. Sirish are appointed as Additional (Independent) Directors on the Board of the Company w.e.f. August 13, 2015 and shall hold office upto the date of the ensuing Annual General Meeting of the Company.