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| Exchange Received Time 29/05/2017 17:22:19 Exchange Disseminated Time 29/05/2017 17:22:24 Time Taken 00:00:05 | Dear Sir/Madam,
Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you that the Board of Directors, at its meeting held on Monday, 29 May 2017 (which commenced at 02:45 p.m. and concluded at 04:45 p.m.), inter-alia approved/noted the following:
1. Audited Financial Results of the Company on standalone basis for the quarter and year ended 31 March 2017 (copy enclosed).
2. Audited Financial Results of the Company on consolidated basis for the year ended 31 March 2017 (copy enclosed).
3. Independent Auditors' Report on quarterly and year to date Financial Results of the Company (copy enclosed).
4. Independent Auditors' Report on the year to date Consolidated Financial Results of the Company (copy enclosed).
5. Recommended a dividend of Rs.30/- per equity share for the year ended 31 March 2017.
6. Noted the resignation of Mr. Alain Christian Spohr from the directorship of the Company w.e.f. 30 May 2017 due to his retirement.
7. Noted the resignation of Mr. Rathindra Nath Basu from the directorship of the Company w.e.f. close of business hours on 29 May 2017 in view of taking-up a senior global role in General Electric Company (GE).
8. Appointed Mr. Vishal K Wanchoo as an Additional Director and Non-Executive Chairman of the Board w.e.f. 30 May 2017. The brief profile of Mr. Vishal K Wanchoo is enclosed as Annexure - I.
9. Appointed Mr. Sanjeev Agarwal as an Additional Director of the Company w.e.f. 30 May 2017. The brief profile of Mr. Sanjeev Agarwal is enclosed as Annexure - II.
10. Appointed Mr. Sanjeev Agarwal as Whole-time Director of the Company, subject to the approval of shareholders at the forthcoming General Meeting.
In terms of Regulation 33(3)(d) of the Listing Regulations, we confirm that the Auditors have given Audit Report with Unmodified Opinion on the Annual Audited Financial Results (Standalone and Consolidated) of the Company for the financial year ended 31 March 2017.
This is for your information and records please.
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