Outcome of board meeting of Matru-Smriti Traders

Held on 25 June 2015

Matru-Smriti Traders announced that the adjourned meeting of the Board of Directors held on 25 June 2015, inter alia, considered the following as under: -

1. Appointment of Pooja Shah as Company Secretary of the Company;

2. Appointment of Vikas Sharma who is a Practicing Chartered Accountant and not in the employment of the company as the Internal Auditor of the Company;

3. Issue of 12,00,000 equity shares on preferential basis in terms of Chapter VII -"Preferential Issue" of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 to Abhishek Bansal;

4. Decided to increase the Authorized Share Capital of the Company from Rs. 1 crore to Rs. 2 crore in line with the requirement of additional capital;

5. To conduct Postal ballot for the matters mentioned in point no. 3 and 4 and also approved the draft notice of Postal Ballot placed before the Board and

6. Appointment of Vikas Sharma, Practicing Chartered Accountant as the Scrutinizer for the purpose of Postal Ballot.

With respect to change in the Registered Office of the Company, the Board decided to deferred the matter in the future date.

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