2^nd May 2014

NOTICE

Sub: Corporate Governance in listed entities- Amendments to Clause 35B and 49 of the Equity Listing Agreement

To all listed companies

Attention of all listed companies of the Calcutta Stock Exchange is drawn to SEBI Circular Ref. No. CIR/CFD/POLICY CELL/2/2014 dated 17^th April 2014 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.gov.in) wherein “The revised Clause 49 would be applicable to all listed companies with effect from October 01, 2014. However, the provisions of Clause 49(VI)(C) as given in Part-B shall be applicable to top 100 listed companies by market capitalization as at the end of the immediate previous financial year. The revised Clause 35B would be applicable to all listed companies”.

“Clause 35B. The issuer agrees to provide e-voting facility to its shareholders, in respect of all shareholders' resolutions, to be passed at General Meetings or through postal ballot. Such e-voting facility shall be kept open for such period specified under the Companies (Management and Administration) Rules, 2014 for shareholders to send their assent or dissent.”

“Clause 49. The company agrees to comply with the provisions of Clause 49 which shall be implemented in a manner so as to achieve the objectives......”

“the master circular will supersede all other earlier circulars issued by SEBI on Clauses 35B and 49 of the Equity Listing Agreement.”

In view of the above, all listed companies of CSE are advised to strictly adhere and comply with the provision in a timely manner.

M.A.V. Raju

General Manager