Corrigendum To The Notice Of Annual General Meeting

• Security Code: 505196
• Company: TIL

We wish to bring to your kind attention that pursuant to the third proviso of Section 139(2) of the Companies Act 2013 the time frame for transition period for re-appointment of Statutory Auditors has ended on 31st March 2017. Hence, it would be necessary to re-appoint Messrs Deloitte Haskins and Sells, Chartered Accountants, Kolkata as the Statutory Auditors of the Company for the balance period of four (4) years instead of one (1) year as mentioned at Page no. 10 of the Report of the Board of Directors' to the Annual Report of the Company for the Financial Year 2016-17. This means that they will hold Office from the conclusion of the 42nd Annual General Meeting till the conclusion of the 46th Annual General Meeting of the Company subject to ratification by Shareholders at every Annual General Meeting of the Company as envisaged under the Companies Act, 2013.

Consequent to the above, the Audit Committee and the Board of Directors of the Company have accorded necessary approval through Circular Resolution for the following:
1. Re-appointment of Messrs Deloitte Haskins & Sells as the Statutory Auditors for four consecutive years from the conclusion of the ensuing 42nd Annual General Meeting till the conclusion of the 46th Annual General Meeting;
2. Amend/rephrase the clause on Statutory Auditors at Page no. 10 of the Directors' Report to the Annual Report of the Company for the Financial Year 2016-17;
3. Corrigendum to be addressed to the Shareholders of the Company in respect of the above.

The attached Corrigendum is being sent by e-mail and also despatched by post (to those Shareholders whose e-mail IDs are not registered) to all the Shareholders to whom the Notice of Annual General Meeting has been sent.

The said Corrigendum is also being published in newspapers and being uploaded in website of the Company tomorrow, the 17th August, 2017

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we kindly request you to take into record the above submissions and the attached Corrigendum.