Oracle Financial Services Software Limited at the board of directors meeting held on July 23, 2015, approved the reconstitution of the below Committees: Audit Committee comprising of Mr. Richard Jackson (Independent Director), as the Chairman and Mr. S Venkatachalam (Independent Director) and Ms. Maria Smith as the Members of the Committee; and Nomination and Remuneration Committee comprising of Mr. Richard Jackson (Independent Director), as the Chairman and Mr. Harinderjit Singh and Mr. Sridhar Srinivasan (Independent Director) as the Members of the Committee.