Outcome Of Board Meeting Held On July 25, 2018 Disclosure Of Events / Information Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

• Security Code: 520119
• Company: ASAL

Sub.: Outcome of Board Meeting held on July 25, 2018

Disclosure of events / information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -

A) Noting of resignation of Mr. Prashant Mahindrakar, Manager designated as Chief Executive Officer.

B) Appointment of Mr. Neeraj Shrivastava, Manager designated as Chief Executive Officer.

Dear Sir / Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with policy on Determination of Materiality of Events of the Company, we hereby inform that Mr. Prashant Mahindrakar has resigned from the position as 'Manager designated as Chief Executive Officer' (Key Managerial Personnel) of the Company to be effective from close of business hours of August 5, 2018 to take up new responsibility with another TATA Company.

The Board has accepted his resignation at its meeting held today and placed on record its sincere appreciation for the valuable contribution made by Mr. Prashant Mahindrakar during his tenure.

On the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held today subject to approval of the Members of the Company and Central Government, if any, has
approved the appointment of Mr. Neeraj Shrivastava, as 'Manager designated as Chief Executive Officer' (Key Managerial Personnel) of the Company to be effective from August 6, 2018.
Brief profile of Mr. Neeraj Shrivastava is given below:

Mr. Neeraj Shrivastava aged 48 years is a B.E. (Electronics & Telecommunication) from Madhav Institute of Technology & Sciences, Jiwaji University, Gwalior.
He has a total work experience of 25 years and has rich experience in the field of Metal Systems, Stampings.
He has had a long stint with Caparo Engineering India, as a Business Head and prior to that he has worked with various companies.


Please take the same on your records.