MEDIA RELEASE

BSE Clarification

"It has been observed from several reports appearing in the media in the recent past that an impression is sought to be created about the Directors on the Board of Bombay Stock Exchange interfering with the day-to-day working of the Exchange and creating hurdles in the work of professional managers at the Exchange. Impressions are also being created that some of the Board level resignations recently are the outcome of the said interference. The BSE would like to clarify that there is no truth in these allegations which are totally misleading and should not be given any credence. Further, reports of split in the Board are not based on facts and should not be relied upon. 

Moreover, Board meetings are conducted in a business like manner and are also attended by top executives of the Exchange as permanent invitees. Other seniors are also invited to join if discussions pertain to their work areas."

Kalyan S. Bose

Head - Corporate Affairs