NARENDRA PROPERTIES LTD. - Outcome of Board Meeting

Narendra Properties Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 10, 2015, inter alia, has considered and approved the following :<BR><BR>1. Mr. Narendra C Maher has been re-appointed as Managing Director for a further period of five years from August 16, 2015 to August 15, 2020 subject to the approval of the members at the ensuing 20th AGM.<BR><BR>2. The Board approved the evaluation criteria to be followed for evaluation of the Independent Directors, Non-Independent Directors and Chairman.<BR><BR>3. The Board reviewed the Secretarial Standards which has come into force from July 01, 2015 and authorized the Managing Director to implement the same.