Outcome of board meeting of Supreme Industries

Held on 24 July 2015

Supreme Industries announced that the Board of Directors of the Company at its meeting held on 24 July 2015, inter alia, has transacted the following:

1. The following decisions has taken, subject to such regulatory approvals as may be required and subject to the Members approval at the ensuing Annual General Meeting scheduled to be held on 16 September 2015:-

i) Appointment of Rajeev M. Pandia, as an Independent Director, for a consecutive period of five years commencing from 16 September 2015;

ii) Appointment of Ramanathan Kannan. as an Independent Director, for a consecutive period of five years commencing from 16 September 2015;

iii) Continuation of M. P. Taparia as Managing Director for the balance period of 5 years upto 06 January 2019, as required under Section 196(3) of the Companies Act, 2013;

iv) Continuation of S. J. Taparia as Executive Director for the balance period of 5 years upto 06 January 2019, as required under Section 196(3) of the Companies Act, 2013;

v) Increase in Foreign Institutional Investors (FIIs) / Registered Foreign Portfolio Investors (RFPIs) Limit upto an aggregate limit of 30% of the paid-up Equity Share Capital of the Company.

2. The current financial year of the Company shall be for a period of Nine months from 01 July 2015 to 31 March 2016 to comply with Section 2(41) of the Companies Act, 2013.

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