Board Meeting on May 11, 2016 (Consideration of proposal for voluntary delisting of the Company’s equity shares)

• Security Code: 532616
• Company: XCHANGING

Xchanging Solutions Ltd has informed BSE that a meeting of the board of directors of the Company will be held on May 11, 2016, inter alia, to:

1. consider the proposed Delisting Offer and any other matters incidental thereto;

2. consider appointment of a SEBI registered merchant banker for carrying out due diligence in terms of the regulation 8(1A) (ii) of the Delisting Regulations;

3. obtain from NSE and BSE, the details of trading in shares of the Company for a period of 2 (two) years prior to the date of board meeting by top 25 (twenty five) shareholders as on the date of the board meeting convened and details of off-market transactions of such shareholders for a period of 2 (two) years and furnish the same to the SEBI registered merchant banker appointed by the Company for carrying out due diligence in terms of the regulation 8(1 A) (ii) of the Delisting Regulations;

4. consider the proposed Delisting Offer after taking into account the due diligence report obtained from the SEBI registered merchant banker in terms of regulation 8(1C) of the Delisting Regulations.