Kalptaru Papers: Outcome of Board Meeting

Kalptaru Papers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2015, inter alia, has transacted the following:

1. The Board has decided and resolved to convene and hold the 27th Annual General Meeting of the Members of the Company on September 23, 2015.

2. Resignation of Ms. Savita Gupta as Director of the Company w.e.f. May 30, 2015 for better opportunities.

3. Resignation of Mr. Paresh Pandya as Director of the Company w.e.f. May 30, 2015 for better opportunities.

4. Appointment of Ms. Sudha Gupta as an Additional Non Executive Director of the Company w.e.f. May 30, 2015.

5. Appointment of M/s. Ashok P. Pathak & Co., Company Secretaries, Ahmedabad as Secretarial Auditor of the Company for the Financial Year 2015 - 2016.

6. Reconstitution of the Audit Committee. The Audit Committee comprises of following members :

a) Shri. Shivratan Jivaram Sharma- Chairman

b) Shri. Ramesh Chand - Member

c) Smt. Sudha Gupta- Member

7. Reconstitution of Nomination & Remuneration Committee. The Nomination & Remuneration Committee comprises of following members :

a) Shri Shivratan Sharma - Chairman

b) Shri Ramesh Chand - Member

c) Smt. Sudha Gupta - Member