Board of Scanpoint Geomatics approves change in directorate

At meeting held on 15 July 2015

Scanpoint Geomatics announced that the Board of Directors of the Company at its meeting held on 15 July 2015, has considered and approved the following businesses:

1. Subject to further approval of the shareholders of the Company, the Board has adopted new set of the Memorandum and Articles of Association of the Company incorporating the provisions of the Companies act, 2013

2. Resignation of Kanti V. Ladani from the position of Compliance Officer of the Company has been approved and recoded with immediate effect.

3. Akshesh Dave, Company Secretary has been appointed and designated as the Compliance Officer of the Company with effect from 15 July 2015. 4. The Board has considered and approved, subject to necessary approvals as may be required, issue of equity shares by way of right issue to the existing shareholders of the Company ("Right Issue") for an amount in aggregate up to Rs. 2700 Lacs in accordance with the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("ICDR Regulations"), as amended and other applicable laws, rules and regulations. 5. The Board has discussed the matter regarding issue of equity shares on preferential basis in accordance with the conditions laid down under SEBI (ICDR) Regulations, 2009 and other applicable laws, rules & regulations and the said agenda has been carry forwarded to the next Board meeting. 6. The Board has restructured the Remuneration Committee by appointing Mr. Kanti V. Ladani, Director of the Company as the Chairman of the said Committee.

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