Birla Pacific Medspa Limited has informed that the Board of Directors of the company at its meeting held on May 22, 2013, has approved the appointment of Mr. Rubin Malkani as an Additional Director and Managing Director of the company. The company also approved the resignations of Mr. Anoj Menon, Mr. Upkar Singh Kohli and Mr. P.V.R. Murthy as a directors of the company.

Birla Pacific Medspa Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2013. For the quarter, on standalone basis, the company reported net sales\ income from operations of INR 0.789 million compared to INR 10.933 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 12.920 million compared to INR 2.985 million a year ago. Loss from ordinary activities before tax was INR 93.627 million compared to profit from ordinary activities before tax of INR 3.351 million a year ago. Net loss for the period was INR 93.627 million or INR 0.83 per basic and diluted share before and after extraordinary items compared to net profit for the period of INR 3.351 million or INR 0.03 per basic and diluted share before and after extraordinary items a year ago. For the year, on standalone basis, the company reported net sales\ income from operations of INR 9.795 million compared to INR 33.142 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 32.290 million compared to INR 28.334 million a year ago. Loss from ordinary activities before tax was INR 85.964 million compared to INR 15.722 million a year ago. Net loss for the period was INR 85.964 million or INR 0.77 per basic and diluted share before and after extraordinary items compared to INR 15.722 million or INR 0.16 per basic and diluted share before and after extraordinary items a year ago. For the year, on consolidated basis, the company reported net sales\ income from operations of INR 21.337 million compared to INR 39.302 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 33.401 million compared to INR 31.511 million a year ago. Loss from ordinary activities before tax was INR 86.941 million compared to INR 18.806 million a year ago. Net loss for the period was INR 86.941 million or INR 0.77 per basic and diluted share before and after extraordinary items compared to INR 18.806 million or INR 0.20 per basic and diluted share before and after extraordinary items a year ago.

Birla Pacific Medspa Limited, Board Meeting, May 21, 2013. Agenda: To consider audited results.