Outcome of board meeting of Kuantum Papers

Held on 15 May 2014

Kuantum Papers announced that the Board of Directors of the Company at its meeting held on 15 May 2014, inter alia, the following decisions, have been taken :

Revision in the remuneration of Jagesh K Khaitan, Chairman and Managing Director has been recommended to the shareholders to be passed by way of special resolution as per the provisions of Section 197 of the Companies Act, 2013 read with Schedule V.

Reappointment of Pavan Khaitan, Managing Director for a period of five years w.e.f. 01 April 2014 and approval of his remuneration has been recommended to be passed by way of special resolution as per the provisions of Section 197 of the Companies Act, 2013 read with Schedule V.

Reconstitution of Audit Committee, "Nomination and remuneration Committee and Stakeholders Relationship Committee.

Appointment of Neena Singh as women additional director

Appointment of cost auditor

Recommendation to shareholders for the appointment of statutory auditors.

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