Outcome of board meeting of Kwality

Held on 14 June 2016

Kwality announced that the Board of Directors of the Company at its meeting held on 14 June 2016 has approved the following -

Raising of funds by way of preferential allotment of equity shares, convertible warrants and compulsory convertible debentures up to an amount not exceeding Rs 60 crore from persons / entities other than promoter group, subject to approval of members of the company.

Appointed Ashok Kumar Gupta as an Independent Director.

Accepted resignation of Arun Srivastava, Independent Director with effect from 14 June 2016.

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