Outcome of board meeting of Sree Sakthi Paper Mills

Held on 12 November 2016

Sree Sakthi Paper Mills announced that the Board of Directors of the Company at its meeting held on 12 November 2016, inter alia, has transacted the following;

1. V. N. Sridharan has been appointed as Chief Financial Officer.

2. N.Subramanian, Chennai appointed as Independent Additional Director

3. Approved availment of Incorporate loan of Rs. 7,12,00,000/- from Kailash Logistics.

4. Discussed options regarding reopening of Edayar Factory.

5. Fixed date for next Annual General Meeting on 30 December 2016.

6. Approved the Draft Director's report and Corporate Governance report.

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