Kale Consultants Ltd has informed BSE that pursuant to the share purchase agreement dated September 09, 2010 entered into between Accelya Holding World S.L and i) Mr. Narendra Harihar Kale ii) Mr. Vipul Prashad Jain iii) Mrs. Nanda Narendra Kale iv) Mr. Sudhir Harihar Kale v) Ms. Neha Narendra Kale vi) Mr. Vipul Prashad Jain (HUF) and vii) Mrs. Shibani Jain, the Board of Directors of the Company has passed resolutions for: 1. The appointment of: a) Mr. Philippe Lesueur as director and chairman of the Company. b) Mr. Sekhar Natarajan as an independent director of the Company. c) Mr. Bahram Vakil as an independent director of the Company. 2. Taking on record the resignation of Mr. Narendra Harihar Kale as Chairman and director of the Company. Further the Company has informed that the Board has taken on record the resignations of Mr. P. S. Deodhar and Mr. Pravin Gandhi as directors of the Company. Further the Company has informed that Accelya Holding World S.L has become the promoter of the Company and that Mr. Narendra Kale, Mr. Vipul Prashad Jain, Mr. Sudhir Kale, Mrs. Nanda Kale, Ms. Neha Kale, Mr. Vipul Jain (HUF) and Mrs. Shibani Jain have ceased to be the promoters of the Company. Mr. Vipul Prashad Jain shall continue to be the Managing Director of the Company. The Board of Directors of the Company will now consist of:- Mr. Philippe Lesueur - Chairman Mr. Vipul Prashad Jain - Managing Director Mr. K. K. Nohria - Independent Director Mr. Bahram N. Vakil - Independent Director Mr. Sekhar Natarajan - Independent Director
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