Pil Italica Lifestyle informs about outcome of independent directors meeting

Pil Italica Lifestyle has informed that a meeting of the Independent Directors of the Company held on March 28, 2016 at 3:00 pm and reviewed the performance of Non-Independent Directors and the Board as a whole; reviewed the performance of the Chairman of the Company, taking Into account the views of Executive Directors and Non Executive Directors; and assessed the quality, quantity and timeliness of flow of Information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

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