1. Appointment of Sameer Gupta as Managing Director of the Company w.e.f. 01 April 2015 subject to the approval of shareholders at ensuing Annual General Meeting of the Company.

2. Accepted the letter tendered by the statutory auditors of the Company expressing their unwillingness to continue as statutory auditors of the Company.

3. Proposed to appoint M/s. VAPS & Co. as Statutory Auditors of the Company subject to the consent of the proposed audit firm and recommendation of the Audit Committee. The meeting of the Audit Committee and the Board of Directors have been called for the same on July 31, 2015.