Outcome of board meeting of GS Auto International

Held on 15 April 2015

GS Auto International announced that in order to streamline the overall business of the Company and further to concentrate on more profitable and other products category in different segments, the Board of Directors in its meeting held on 15 April 2015, considered to give on lease a part or the whole of one or more undertakings of the Company to any Body Corporate, Partnership Firm, or any other registered entity, including but not limited to G.S. Autocomp. This will be subject to the approval of the members by way of postal ballot.

Accordingly, the Board of Directors seeks the approval to the resolutions by way of postal ballot from the members of the Company. The E-voting for the resolution shall commence from 29 April 2015 till 28 May 2015. The cut-off date for the purpose of eligibility to e-vote by members of the Company on the resolution will be 17 April 2015.

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