The Board of Directors has considered and approved 1. Discontinuation the operations of of Kajaria Plywood Private Limited due to lack of strategic fit & continued losses and accordingly the Company has fully impaired its investment and loan to KPPL amounting to Rs. 112.38 crores\r\n2 approved withdrawal of the investment proposal of Rs. 30 crores by the Company in Kajaria ultima private Limited and \r\n3 the Company withdraw the investment proposal of Rs. 30 Crores by the Company\r\n4 approved the appointment of M/s. Chandrasekaran Associates as the Secretarial Auditors of the Company for the period of five consecutive years.