Outcome of board meeting of Brahmaputra Infrastructure

Held on 03 September 2014

Brahmaputra Infrastructure announced that the Board of Directors of the Company at its meeting held on 03 September 2014, inter alia, has considered and approved the following:

1. Appointment of Om Kumar, Director of the Company as Independent Director of the Company for a period of five (5) years from the date of the ensuing Annual General Meeting.

2. Appointment of Viresh Shankar Mathur, Director of the Company as Independent Director of the Company for a period of five (5) years from the date of the ensuing Annual General Meeting.

3. Appointment of Satish Chandra Gupta, Director of the Company as Independent Director of the Company for a period of five (5) years from the date of the ensuing Annual General Meeting.

4. Adoption of a new set of Articles of Association of the Company.

5. Approval for Revision in Remuneration of Manoj Kumar Prithani, Chief Executive Officer of the Company (Brother of Sanjeev Kumar Prithani, Joint Managing Director of the Company).

6. Approval for Re-appointment of Sanjeev Kumar Prithani as Joint Managing Director of the Company for a further period of 5 years w.e.f. 01 April 2014 without any remuneration.

7. Increase in Borrowing powers of the Board from Rs. 500 crore to Rs. 1000 crore pursuant to the provisions of Section 180(1)(c) of the Companies Act, 2013.

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