RASANDIK ENGINEERING INDUSTRIES INDIA LTD. - Outcome of Board Meeting

This is to inform you that the Board of Directors of the Company through a circular resolution on 06th March 2017 has appointed Shri Agharam Ramakrishnan Halasyam (DIN: 00775926) as an Additional Director of the Company with effect from 6th March 2017 to hold office as an Independent Director of the Company. The appointment is subject to the approval of shareholders which will be obtained at the ensuing Annual General Meeting. Shri Agharam Ramakrishnan Halasyam, holds a Bachelor of Law, Madras University, Master of Arts- Economics from Madras University and Advanced Management Program, Indian Institute of Management, Ahmedabad. He was in Indian Defence Accounts Service, Ministry of Finance for 20 years before joining Bharat Heavy Electricals Limited and retires as Finance Director and Member, Board of Directors from Maruti Udyog Limited. He has expertise in treasury management, project management, project financing and business development.