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| Exchange Received Time 14/12/2017 17:49:49 Exchange Disseminated Time 14/12/2017 17:49:58 Time Taken 00:00:09 | We wish to inform that Board of Directors at their meeting held on 13th December, 2017 has given consent for following items, subject to approval of shareholders:-
1. Re-appointment of Sh. Rikhab Chand Jain as Executive Chairman of the Company for a period of 5 years.
2. Re-appointment of Sh. Sanjay Kumar Jain as Managing Director of the Company for a period of 5 years.
3. Amendment in Article of Association by inserting below clause after clause no. 123 of the Article of Association of the Company:-
'123(A)-Shri Rikhab Chand Jain shall be permanent Director not liable to retire by rotation at any Annual General Meeting.'
For aforesaid proposal, Company intend to fix 22nd December, 2017, Friday as cut-off date to determine name of the Shareholders entitled to vote through Postal Ballot and voting rights shall be reckoned on the paid up value of the shares registered in the Register of member as on 22nd December, 2017.
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