Outcome of board meeting of Integrated Capital Services

Held on 20 July 2017

Integrated Capital Services announced that the Board of Directors at its meeting held on 20 July 2017 transacted the following -

1.Approved amended Scheme of merger pursuant to query of BSE regarding clarity on the number of shares to be reduced of Transferee Company (ICSL) upon approval of scheme of Merger of DAPL with the Company.The amended Scheme of merger has also been approved by the Board of DAPL.

2.The Company is incorporating a Wholly Owned Subsidiary Company(WOS), BTG IP Services, which will register itself with IBBI as an Insolvency Professional Entity under Reg 12(1)(b) of IBC,2016. It is proposed that Sanjay Agrawal, CFO, will be appointed as Whole Time Director of BTG IP Services, when incorporated. Accordingly, Sanjay resignation from the office of CFO has been accepted.

3.Appointment of Bhavesh Chadha as CFO, elevating him from the office of General Manager.

4.Appointment of Shivani Arora, a former Company Secretary(CS)& Compliance Officer, as CS & Compliance Officer upon her rejoining employment and acceptance of resignation of Preeti Gupta from the said office.

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