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| Exchange Disseminated Time 12/02/2016 18:48:45 | LT Foods Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2016, inter alia, has considered & approved the following:
1. Appointment of Mr. Suparas Bhandari as an Independent Director of the Company.
2. Appointment of Mr. Adesh Gupta as an Independent Director of the Company.
3. Adoption of Policy for Preservation of Documents as per SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
4. Adoption of Policy for determining Materiality of Information as per SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Mr. Ashwani Kumar Arora, Managing Director & CEO and Ms. Monika Chawla Jaggia, Company Secretary of the Company have been authorized to be designated officials who will be responsible for disclosing such information to the stock exchange,
5. With reference to fire loss of paddy stock in Daawat Foods Limited (subsidiary Company in June 2014, this is to inform you that the claim has been repudiated by the Insurance Company. Based on multiple legal advices, Daawat Foods Limited is in the process of finalizing the legal recourses against the said repudiation,
6. Allotment of 209,605 equity shares of Rs. 10/- each of the Company to option grantees upon exercise of options under LT Foods ESOP Plan 2010. On allotment the equity shares of the Company stands increased from 26453582 equity shares to 26663187 equity shares of Rs 10/- each aggregating to Rs. 266631870. |
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