Outcome of board meeting of Speciality Restaurants

Held on 27 May 2015

Speciality Restaurants announced that the Board of Directors of the Company at its meeting held on 27 May 2015, inter alia, has considered and decided the following matters:

1. Recommended a dividend of 10% amounting to Re. 1/- (Rupee One only) per equity share of the Company of Rs. 10 each ("Share") for the financial year 2014-15 (previous year Re. 1/- per Share) subject to the approval of the shareholders of the Company in the Annual General Meeting.

2. Approved re-appointment of Suchhanda Chatterjee as Whole-time Director of the Company (Designated as Director - Interior and Design) for a period of three years with effect from 01 July 2015.

3. Approved re-appointment of Indranil Chatterjee as Whole-time Director of the Company (designated as Director - Commercial Operations) for a period of three years with effect from 01 July 2015.

4. Approved appointment of the statutory auditors of the Company, subject to approval of the shareholders of the Company at the Annual General Meeting.

5. Recommended the matters relating to re-appointment of Indranil Chatterjee and Suchhanda Chatterjee as Whole-tlme Directors of the Company for a period of three years subject to approval of the shareholders of the Company in the Annual General Meeting.

6. Approved remuneration paid to Anjan Chatterjee, Managing Director of the Company for the financial year 2014-15 and revision in remuneration.

7. Approved the withdrawal of the nomination of the directors namely, Anjan Chatterjee, Indranil Chatterjee and Rajesh Kumar Mohta from the Board of Love Sugar and Dough.

8. Approved payment of commission to the Non-Executive Directors of the Company for the financial year 2014-15.

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