Outcome of Board Meeting

• Security Code: 500500
• Company: HINDMOTORS

With reference to the earlier announcement dated May 09, 2014, Hindustan Motors Ltd has informed BSE that subsequent to the recommendation by Nomination and Remuneration Committee of Directors at its meeting held on May 09, 2014, the Board of Directors of the Company at its meeting held on May 10, 2014 has made the following appointments with effect from May 10, 2014.

1. Mr. Uttam Bose as Additional Director of the Company

2. Mr. Moloy Chowdhury as Manager of the Company within the meaning Section 2(53) of the Companies Act, 2013, designated as Chief Executive Officer of the Company for a period of two years.

3. Mr. Tarun Kumar Kabra as Company Secretary.

4. Mr. Aniruddha Sarkar as Chief Financial Officer designated as Chief Financial Officer and Head Legal.

The Board also appointed Mr. Tarun Kumar Kabra Company Secretary, as Compliance Officer in terms of clause 47 of the Listing Agreement.

Mr. Chowdhury has been associated with Hindustan Motors for over five years with a strong understanding of the organisation, its people and challenges. We will look forward to his leadership and ability to work with the management team and workers to resolve the challenges at Uttarpara plant and Hindustan Motors as a whole.

Mr Uttam Bose will continue in the Board of Directors of the Company to enable continuity.

As a part of the Company's efforts to restructure Hindustan Motors, it has also been decided to hire an external consultant to give an external perspective on the challenges and possible solutions at the Uttarpara Plant.