SICAL LOGISTICS LTD. - Outcome of Board Meeting

Sical Logistics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 04, 2015, has transacted the following:<BR><BR>1. Mr. R. Ram Mohan was elevated and appointed as Chairman of the Board effective from May 04, 2015. He falls under the category of Non-executive.<BR><BR>2. Mr. Kush S Desai was appointed as whole-time Director with the designation as Joint Managing Director effective May 04, 2015.<BR><BR>3. Board approved the proposal to obtain the consent of members through postal ballot for appointment of Mr. Kush S Desai as Whole-time Director, confirming the appointment of Ms. Shweta Shetty and Mr. Sudhir V Kamath as Directors [appointed as additional directors on March 30, 2015] and for availing financial assistance / providing guarantee/security from / to related party[ies].