Chennai, 10 September, 2014:

The Company is steadily increasing its market share and the volume of its business. Its global business has also been increasing. Shri Sudarshan Venu as Whole-time Director of the Company has been actively participating in the activities of the Company and has considerably increased his engagement in and contribution to the progress of the Company. Under the circumstances, the board of directors of the Company has appointed Shri Sudarshan Venu as its Joint Managing Director.

In order to strengthen the board further, Dr Lakshmi Venu is also appointed as an additional Non-Executive Director of the Company.

These appointments are effective from 10th September 2014.

Shri Sudarshan Venu will be functioning under the advice and guidance of Shri Venu Srinivasan, the Chairman and Managing Director of the Company.

Dr Lakshmi Venu will serve as the woman director on the Board in compliance with the provisions of Companies Act and the Listing Agreement.
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