Appointment of Mr. Ashok Kumar Goel as an Additional Director of the Company

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, pursuant to the recommendations of the Nomination and Remuneration Committee, the Board of Directors of the Company vide circular resolution dated February 23, 2018 has appointed Mr. Ashok Kumar Goel (DIN: 00025350) as an Additional Director (Non-Executive, Non-Independent) w.e.f. March 01, 2018.

Mr. Sunil Behari Mathur, Chairman said, “We are delighted to have Mr. Ashok Kumar Goel join the HOEC Board. He brings to the Board, his great business insight and acumen, having managed large and diverse business conglomerates.”