The board of directors of Swastika Investmart Limited held on August 12, 2014. The shareholders approves the appointment of Sunil Chordia as an additional as well as independent director of the company up to date of ensuing annual general meeting. And also appointment of Shri V.K.Chaudhary as an additional as well as independent director of the company up to the date of ensuing annual general meeting.

Acceptance of resignation of Mr. Vinod gupta, Mr. Tarun Baldua and Mr. Parth Nyati from the post of directorship with effect from August 12, 2014.