KAILASH AUTO FINANCE LTD. - Outcome of Board Meeting

Kailash Auto Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 06, 2015, has:<BR><BR>1. Accepted and approved the resignation of Mr. Babalu Prasad Keshari from Managing Director and Directorship of the Company with effect from August 06, 2015.<BR><BR>2. Approved the change in designation of Mr. Dipan Patel Jesingbhai as Non-Executive Director from Non-Executive Independent Director of the Company with effect from August 06, 2015.