Outcome of board meeting of Indsoya

Held on 25 March 2015

Indsoya announced that the Board of Directors of the Company at its meeting held on 25 March 2015, inter alia, have considered and approved the following matters:

Approved Notice of Postal Ballot to be sent to shareholders in relation:

1. to the appointment of the Independent Director pursuant to the provision of section 149.

2. to Adopting Table F as per Companies Act 2013;

3. to Borrowing Limits under Section 180(1)(c) of the Companies Act, 2013.

4. to Appointment of Scrutinizer;

5. to Approve of Newspaper Advertisement confirming dispatch of Postal Ballot;

6. to Approve of Calendar of Events;

7. to Authorize Directors to complete the Postal Ballot process.

The date of declaring the Postal Ballot and E-voting result for passing the above matter though Special Resolution, will be on 20 May 2015 by the Chairman of the Company.

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