Outcome of Board Meeting

• Security Code: 532932
• Company: MANAKSIA

Sub: Outcome of Board Meeting held on 19th May, 2017. Please note that the Board of Directors of the Company at its meeting held today, which commenced at 05.05 p.m. and concluded at 06:00 p.m., has inter-alia transacted following businesses: (i). Considered and took note of the resignation of Mr. Raj Kumar Banthia from the post of Company Secretary & Compliance Officer, who resigned from aforesaid position vide his letter dated 14th February, 2017 and his last day of working was with effect from closing of working hours of 31st March, 2017. (ii). Considered, approved and adopted the Audited Financial Statements (both Standalone and Consolidated) for the year ended on 31st March, 2017. (iii). Considered, approved and adopted the Audited Financial Results (both Standalone and Consolidated) for the quarter and year ended on 31st March, 2017. A copy of the Financial Results (both Standalone and Consolidated) of the Company for the quarter and year ended on 31st March, 2017 along with Auditors Report and Declaration of unmodified opinion of Manaksia Limited (both Standalone and Consolidated) for the year ended 31st March, 2017. (iv). Considered and recommended the appointment of M/s S K Agrawal & Co., Chartered Accountants [Firm Registration No.: 306033E] as Statutory Auditors for a term of 5 (Five) years from the conclusion of forthcoming Annual General Meeting (AGM) upto the conclusion of the 38th AGM of the Company to be held for the Financial Year 2021-22, subject to the approval of members in the forthcoming AGM. (v). Considered and approved the appointment of M/s Namita Kedia & Associates, Chartered Accountants [Firm Registration No.: 328509E] as Internal Auditors of the Company for the financial year 2017-18. This may be treated as compliance with relevant Regulations SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.