KARUTURI GLOBAL LTD. - Outcome of Board Meeting (AGM on March 17, 2015)

Karuturi Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2015, has approved / taken on record the following:<BR><BR>1. Disinvestment in Florista India Pvt. Ltd., a non-material, unlisted subsidiary company, as a business strategy which has no material impact on the existing business of the Company.<BR><BR>2. Appointment of Mr. V. Ravichandran as a Director.<BR><BR>3. Appointment of Mr. Shireesh Jain, presently the Group CEO, to officiate as CFO of the Company for the time being.<BR><BR>4. Fixing the date of Annual General Meeting as March 17, 2015.<BR><BR>5. Adopting the Related Party Transaction Policy for the Company.<BR><BR>6. Adopting the Vigilance Mechanism / Whistle Blower Policy for the Company.