SHIVAM AUTOTECH LTD. - Outcome of Board Meeting

Shivam Autotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2015, inter alia, has transacted the following business:<BR><BR>1. The Board has considered and approved the revision in the remuneration of Mr. Neeraj Munjal, Managing Director of the Company w.e.f April 01, 2015.<BR><BR>2. The Board has considered and approved the revision in the remuneration of Mrs. Charu Munjal, Whole Time Director of the Company w.e.f. June 01, 2015.<BR><BR>3. The Board has decided to execute the Power Purchase Agreement with Clean Wind Power (Manvi) Private Limited.<BR><BR>4. The Board has decided to execute the Shareholder's Agreement with Hero Wind Energy Private Limited and Clean Wind Power (Manvi) Private Limited.