AIRAN LIMITED — Board/Management Information 2019

Dec 7, 2019

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Date: December 7, 2019

To, TheManager ListingComplianceDepartment NationalStockExchangeofIndiaLtd., ExchangePlaza,C-1,BlockG, BandraKurlaComplex, Bandra(E),Mumbai–400051

DearSir/Madam,

th

Subject: OutcomeoftheBoardMeetingheldon Saturday, 7 December, 2019.

SYMBOL:AIRAN

Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circulars issued by SEBI from time to time, we hereby inform you that the meeting of the Board of Directors of the Company was held today i.e. Saturday, 7th December, 2019 in which the Board, inter-alia, has considered and approved the change in Designation of Mr.Ajit Jain, from Non-Executive Non Independent Director to Non-Executive Independent DirectoroftheCompany

The initial term of Mr.Ajit Jain will be for a period of 5 years w.e.f 7th December, 2019, subject to the approval ofshareholders,ifany.

Reason for change in his designation from Non-Executive Non Independent Director to Non-Executive Independent Director is to comply with Regulation 17 (1) (a) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations,2015,ashequalifiesthedefinitionof IndependentDirector.

(BriefprofileofMr.AjitJainisenclosedas “AnnexureA”).

Pleasetaketheaboveinformationonyourrecords.

Themeetingwas commencedat04:00pmandconcludedat05:00pm.

ThankingYou Yours Faithfully

For and on behalf of the board of directors of

Airan Limited

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Sandeepkumar Vishwanath Agrawal Chairman and Managing Director DIN: 02566480

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A I R A N L I M I T E D

Regd. Office : 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. Phone : +91-79-2646 2233, +91-8866442200 • CIN : L74140GJ1995PLC025519 Email : contact@airanlimited.com • Website : www.airanlimited.com • www.airanlimited.in

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ANNEXURE-A

Brief Profile of Mr. Ajit Jain as per Regulation 30(7) of SEBI (LODR) Regulation, 2015.

Reason for Change		Reason for change in his designation from Non-Executive Non
		Independent Director to Non-Executive Independent Director
		is to comply with Regulation 17 (1) (a) of the SEBI (Listing
		Obligations and Disclosure Requirements) Regulations, 2015,
		as he qualifies the definition of Independent Director. Further,
		he has also declared that he is not disqualified to be an
		Independent Director of the Company and has not been
		debarred from holding the office of Director by virtue of any
		SEBIorderor anysuch otherauthority.
Date of Appointment &		7 December, 2019th
Term of Appointment
Brief Profile		Mr. Ajit Jain, aged 43 years is Chartered Accountant &
		Company Secretary by qualification. He has experience of 19
		years in Finance, Operations & Banking. He worked for more
		than9 yearswithICICIBankinoperationsgroup.
Disclosure of Relationship		Mr. Ajit Jain is not related to any director, Key managerial
between Directors		Personnelor theirRelatives.

A I R A N L I M I T E D

Regd. Office : 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. Phone : +91-79-2646 2233, +91-8866442200 • CIN : L74140GJ1995PLC025519 Email : contact@airanlimited.com • Website : www.airanlimited.com • www.airanlimited.in