Updates on ensuing Board Meeting on Feb 09, 2017 (Consideration of proposal for Voluntary Delisting of Company’s equity shares)

• Security Code: 501151
• Company: KARTKIN

With reference to the earlier letter dated January 31, 2017 intimating the convening of a Board Meeting on February 09, 2017, Kartik Investments Trust Ltd has now informed BSE that in terms of the Listing Regulations and Delisting Regulations, the Company has received a letter dated February 03, 2017 from M/s. Chola Business Services Limited (“The Acquirer”), one of the members of Promoter and Promoter Group expressing their intention to launch an offer to voluntarily delist the Company's equity shares from BSE Limited (“BSE”) by acquiring 61,450 equity shares held by the public shareholders of the Company in accordance with the delisting regulations and other applicable provisions of law.

As per the Delisting Regulations, the Delisting offer is required to be approved by the board of directors of the Company only after obtaining due diligence report from a merchant banker registered with Securities and Exchange Board of India (“SEBI”) appointed for the said purpose

In light of the aforesaid, the Board at the same meeting will be inter alia considering the proposal for Delisting Offer and any other matters incidental thereto.