KDDL Ltd. has informed that the Board of Directors of the Company at its meeting held on May 28, 2015, has transacted
the following. The board has approved the resignation of Mr. Mannil Venugopalan as an Independent Director of the Company.
The Board has recommended the appointment of Mr. Praveen Gupta as an Independent Director of the Company, for the approval of the shareholders at the ensuing Annual General Meeting of the Company.

The Board has recommended a dividend of INR.2 (two) per share (20%) for the financial year ended on March 31, 2015 for the shareholders of the Company.