Board Meeting-Change in Auditors

• Security Code: 530943
• Company: SABTNL

Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its Meeting held today i.e. Friday, March 16, 2018 has inter-alia, considered and approved the below:

M/s. Pravin Chandak & Associates, Chartered Accounts (FRN. 116627W) Statutory Auditors of the Company, intimated that due to their pre-occupation in other assignments they do not wish to continue as the Statutory Auditors of the Company. The Board appointed M/s. P. Parikh & Associates, Chartered Accounts (FRN.107564W) to audit the financial statements of the Company for financial year 2017-18, on recommendation of the Audit Committee and subject to the approval of the members of the Company at ensuing general meeting, to fill the casual vacancy created, pursuant to provisions of Section 139 of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014.