MORGAN INDUSTRIES LTD. - Outcome of Board Meeting

Morgan Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 14, 2015, inter alia, has transacted the following:<BR><BR>1. Subject to approval of members - ratification of the appointment of M/s. R. Subramanian & Co., Chartered Accountants, Chennai as Statutory Auditors.<BR><BR>2. Subject to approval of members - Appointment of Mrs. Sreelekha Mahadevan as an Independent Woman Director.<BR><BR>3. Subject to approval of members - Re-appointment of Shri Ashok Balasubramanian as Managing Director (with limits of managerial remuneration).<BR><BR>4. Subject to approval of members - Approval and continuation of Mr. P. S. Bhaskaran as Executive Director at attaining age of 70 years.