Postal Ballot results for Completion of divestment of Specialty Chemical business

We refer to the Postal Ballot Notice dated 7th November 2017 seeking approval of the Members of the Company by way
of an Ordinary Resolution through Postal Ballot relating to the sale and transfer of Company’s Specialty Chemical
Business.

In this connection and pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we would like to inform you that the Ordinary Resolution mentioned in the aforesaid Postal Ballot
notice has been passed by the Members of the Company by requisite majority. The approval is deemed to have been
received on Monday, 18th December, 2017 viz. the last date of receipt of duly completed Ballot Forms and remote
e-voting. The result has been announced at the registered office of the Company today.