Western India Shipyard: Outcome of Board Meeting

Sub: Outcome of Board meeting held on 03.03.2017 The Company is pleased to inform that the meeting of the Board of Directors of the Company was duly held on 03.03.2017. The Board discussed the business of the Company and inter-alia took the following decisions: 1. The Board constituted the Allotment Committee consisting of 2 Indepenent directors namely, Shri. Ashwani Kumar and Shri. Sushil Kumar Agarwal. 2. The Board reconstitute the following Committees, namely: (a) Audit Committee - consisting of 3 Independent directors namely, Shri. Ashwani Kumar, Shri. Sushil Kumar Agarwal and Shri. Ravi Vimal Nevatia. (b) Nomination & Remuneration Committee - consisting of 3 Independent directors namely, Shri. Ashwani Kumar, Shri. Sushil Kumar Agarwal and Shri. Ravi Vimal Nevatia. (c) Stakeholders Committee- consisting of Shri. Sushil Kumar Agarwal, Independent Director. Gururaj Retrekar Compliance Officer & Authorised Signatory