AKSHARCHEM (INDIA) LTD. - Outcome of Board Meeting

AksharChem India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 21, 2014, inter alia, has approved the following:<br/><br/>1. Appointment of Mr. Gautam M. Jain as Additional Director of the Company.<br/><br/>2. Appointment of Mr. Jayprakash M. Patel as Additional Director of the Company.<br/><br/>3. Increase/revision in terms of Remuneration payable to Mrs. Paru M. Jaykrishna, Chairperson and Managing Director of the Company.<br/><br/>4. Increase/revision in terms of Remuneration payable to Mr. Gokul M. Jaykrishna, Joint Managing Director of the Company.<br/><br/>5. Increase/revision in terms of Remuneration payable to Mr. Munjal M. Jaykrishna, Executive Director of the Company.