REG - Rolta India Limited - Rolta Board Meeting dated June 17, 2016 Outcome <Origin Href="QuoteRef">ROLT.NS</Origin>

Rolta IndiaAnnouncement

17/06/2016 14:50

RNS Number : 5933B
Rolta India Limited
17 June 2016
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June 17, 2016
BSE Ltd
Corporate Relationship Department
1st Floor, New Trading Ring 
Rotunda Building 
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai - 400 001
National Stock Exchange of India Limited
Exchange Plaza
Plot No. C/I G Block 
Bandra-Kurla Complex
Bandra (East)
Mumbai - 400 051
Dear Sir / Madam 
Sub: Outcome of the Meeting of the Board of Directors held on June 17, 2016
In compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015, the Board of Directors of M/s. Rolta India Limited (herein after referred as Company)at their meeting held today i.e. June 17, 2016, has considered and approved inter-alia the following:
1. Appointment of Mr. Ramnath Pradeep, Non-Executive Independent Director - A post graduate in Economics and Law. He is currently associated with Singhania & Co., an eminent legal firm. Formerly he was Chairman & Managing Director of Corporation Bank. 
2. Taken on record the Resignation of Mr. V K Chopra, Mr. M V Nair & Mr. T C Venkat Subramanian Non-Executive Independent Directors of the Company due to their pressing professional and personal commitments. Board put on record their appreciation of their valuable contribution as Directors of the Company. The vacancies so created will be filled up in due course of time. 
3. Ms. Preetha Pulusani, a Non-independent Non-Executive Director on the Board., expressed that due to her increased involvement in International Business, she faces constraint to travel frequently to attend meetings of the Company and also in view of imbalance of composition of Independent and Non Independent Directors on the Board arising due to above two vacancies she offered to step down as a Director. However she will continue to be President of International Operation and devote full time for the business of the Company. 
4. Allotment of 1,25,000 equity shares of Rs. 10/- each, pursuant to exercise of options under its ESOP Plan. The paid up share capital of the Company will accordingly increase to Rs. 162,89,15,960/- divided into 16,28,91,596 equity shares of Rs. 10/- each.
The meeting of Board of Directors commenced at 4:30 p.m. and concluded at 6:00 p.m.
You are requested to kindly take the same on records.
Thanking you
Yours faithfully
for Rolta India Limited 
Verinder Khashu
Company Secretary &
Head - Legal / Compliance

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