Outcome of Board Meeting

• Security Code: 503811
• Company: SIYSIL

Siyaram Silk Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2014, inter alia, have approved the following:

1. Acceptance of resignation of Shri. B. L. Sarda as Director on account of pre-occupation conveyed vide letter May 10, 2014 received on May 12, 2014.

2. Re-appointment of Shri. Shrikishan D. Poddar, Executive Director as Director liable to retire by rotation at the ensuing AGM.

3. Recommendation of M/s. Jayantilal Thakkar & Co., Chartered Accountants as Statutory Auditors at the ensuing AGM.

4. Constitution of Corporate Social Responsibility Committee with responsibility in accordance with the provisions of the Companies Act 2013 and Clause 49 of the Listing Agreement, with the following composition

Shri. Ramesh D. Poddar - Chairman
Shri. Harish N. Motiwalla - Member - Independent
Shri. Pawan D. Poddar - Member

5. Revision in the scope/ role of the Audit Committee in terms with the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement and its reconstitution as follows

Shri. Harish N. Motiwalla : Chairman - Independent
Shri. Mangesh D. Teli : Member - Independent
Shri. Dileep H. Shinde : Member - Independent

6. Change in nomenclature of Remuneration Committee to Nomination and Remuneration Committee, revision of its scope/ role and its reconstitution with the following composition

Shri. Harish N. Motiwalla : Chairman - Independent
Shri. Mangesh D. Teli : Member - Independent
Shri. Pramod Jalan: Member - Independent

7. Change in nomenclature of Shareholders’/ Investors’ Grievance Committee to Share Transfer Committee, revision of its scope/ role and its reconstitution with the following composition

Shri. Pawan D. Poddar : Chairman
Shri. Ramesh D. Poddar : Member
Shri. Shrikishan D Poddar: Member
Shri. Ashok M. Jalan : Member

8. Constitution of Stakeholders Relationship Committee with scope/ role in accordance with the provisions of the Companies Act 2013 and Clause 49 of the Listing Agreement with the following composition

Shri. Dileep Shinde: Chairman - Non Executive and Independent
Shri. Ramesh D. Poddar : Member
Shri. Pawan D. Poddar : Member

7. Revised Code of Conduct for Directors and Senior Management and establishment of Whistle Blower Policy.

8. Appointment of M/s. J. H. Fatehchandka & Co., Company Secretaries in practice as Secretarial Auditor for the F. Yr. 2014-15.