REDINGTON (INDIA) LTD. - Outcome of Board Meeting

Redington (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 17, 2014, had considered and approved the following:<br/><br/>1. To put in place a robust succession plan for the Company, Mr. R. Srinivasan currently the Managing Director of the Company would stepdown from this position on October 17, 2014. He would continue to be on the Board as its Vice Chairman.<br/><br/>2. Mr. Raj Shankar, currently the Joint Managing Director would assume the responsibility of Managing Director of the Company effective October 17, 2014.