Outcome of Independent Directors Meeting

• Security Code: 531746
• Company: PRAENG

Prajay Engineers Syndicate Ltd has informed BSE that a separate meeting of the independent directors of the Company was held on March 18, 2016

The Independent Directors have considered and reviewed the following:

1. The performance of Non-Independent Directors and the board as a whole;

2. The performance of the Chairperson of the Company after considering the views of Executive Directors & Non-Executive Directors;

3. Assessed the quality, quantity and timeliness of flow of information between the company management and the board as a whole, to enable them to discharge their duties effectively.