Outcome of board meeting of KM Sugar Mills

Held on 28 May 2015

KM Sugar Mills announced that the Board of Directors of the Company at its meeting held on 28 May 2015, inter alia, has transacted the following:

1. Appointment of Madhu Mathur, Additional Director u/s 161;

2. Accepted the resignation submitted by Shruti Modi;

3. Reviewed the performance of the Company for the year ended 31 March 2015 (for 18 months from 01 October 2013 to 31 March 2015);

4. Reviewed Related parties transactions;

5. Accounts of subsidiary Company;

6. Evaluation of performance of the Independent Directors;

7. Appointed Cost Auditors, Secretarial Auditors and Internal Auditors on the recommendation of the Committees for the year 2015-16;

8. Recommended the Appointment of the Statutory Auditors;

9. Discussed the compliance of CPCB direction for Zero Liquid Discharged by the Distilleries;

10. Other various issues.

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