Corporate Announcement: Appointment of Additional Director (Independent Director)

The Company has informed the Stock Exchanges as under:

"The Board of Directors at its meeting held on February 14, 2014 appointed Mr. Dhruv S. Kaji as Additional Director (Independent Director), subject to approval of the Shareholders at the ensuing Annual General Meeting.

Mr. Dhruv S. Kaji holds a Bachelor's degree in Commerce and is an associate member of the Institute of Chartered Accountants of India."

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