Kapil Raj Finance informs about outcome of board meeting

Kapil Raj Finance has informed that the Board of Directors of the Company at its meeting held on February 24, 2016, has approved the Notice of Postal Ballot for appointment of Pankaj P. Sanghvi & Co. as a Statutory Auditor of the Company, subject to the approval of the Shareholders pursuant to Section 139 of the Companies Act, 2013, in place of the Resigning Auditor.

The above information is a part of company’s filings submitted to BSE.