Outcome of Independent Directors Meeting

• Security Code: 534532
• Company: LYPSAGEMS

Lypsa Gems & Jewellery Ltd has informed BSE that the Independent Directors of the Company at its meeting held on March 26, 2016, has transacted the following:

1. Independent Directors of the Company has reviewed performance of Non-Independent Directors, Board and Chairman of the Company.

2. Evaluate the access of the Quantity, Quality and timeliness of flow of information.

3. Approval and adoption of policy on Nomination & Remuneration.

4. Approval and adoption of policy on Board Diversify.