Outcome of board meeting of Womens Next Loungeries

Held on 01 September 2014

Womens Next Loungeries announced that a meeting of the Board of Directors of the Company was held on 01 September 2014 and the same was adjourned on 02 September 2014. The Board of Directors have considered and approved the following:

1. Approved the circular resolution passed on 23 August 2014 for resignation of Gaurav Arora an Independent director.

2. Mahipal Budheliya has been appointed as an Additional Director of the Company

3. Approval for the re- appointment of Statutory Auditors.

4. Sunil Belani is appointed as an Internal Auditor of the Company.

5. Anil H. Sinha designated as Chief Financial Officer, with effect from 01 September 2014.

6. Re-Constituting existing Managing Director, Company Secretary & CFO in line with the section 203 of the Companies Act 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rule :

Following officials of the company be and are hereby appointed as Key Managerial Personnel of the Company.

Bhavesh Tulsidas Bhanushali, Managing Director & Chairman
Ami H. Sinha, Chief Financial Officer
Alka P. Gupta, Company Secretary & Compliance officer

7. Approved the Compliance Certificate for the year ended 31 March 2014.

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