Outcome of Board Meeting

• Security Code: 519230
• Company: KISAAN

Richirich Inventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2016, inter alia, has considered and approved following businesses/Resolutions:

1. Director Shri Ashok M. Chhajed and Mohd Shakeel Practicing Company Secretary is hereby authorised to file necessary forms to the registrar of Companies, Maharashtra State at Mumbai.

2. Directors also taken on record & approved the Report of the Internal Auditor's and discussed the observations made by them

3. It has been decided to appoint M/s S.S. Padhi & Associates, Chartered Accountants, as the Internal Auditors of the Company for Year 2016-17.

4. It has been decided to Authorise the Board of Directors of the company to convene the Annual General Meeting of the Member’s of the Company at a suitable date and issue necessary notice in this regard

5. It has been decided to approve & take on record the internal financial Control Policy as placed before the meeting.

6. To approve and take on record the Policy on related party transactions

6. The New Listing Agreement with the BSE taken on record.

7. The letters submitted by the Members of Promoters group of their intention to remove their names from the category of the promoter’s of the Company, taken on record and it has been decided to place before the Member’s of the Company for their approval, and authorise the Board of Directors of the company to take suitable steps in this regard in terms of guidelines of the SEBI.

8. Disclosure of Shareholding by Non-Executive Director Smt Renu Jain & Shri Ashok Jain presented before the meeting is being taken on record.

9. The Code of Business Conducts & Ethics for Directors and Senior Management personnel’s. Presented before the meeting is being taken on record.

10. The familiarization programme for Independent directors of the Company presented before the meeting is being taken on record.

11. The terms & conditions for appointment of Independent Directors on the Board of Directors of the Company presented before the meeting is being taken on record.

12. The Policy on determination of Materiality of Events/Informations of the Company presented before the meeting is being taken on record.