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| Exchange Disseminated Time | Manaksia Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 23, 2014 has noted the receipt of certified copies of the Order of the Hon’ble High Court, Calcutta sanctioning the Scheme of Arrangement under Sections 391 and 394 of the Companies Act, 1956 for demerger of undertakings of the Company into the 4 (Four)
Transferee Companies viz. Manaksia Steels Limited, Manaksia Industries Limited, Manaksia Coated Metals & Industries Limited and Manaksia Aluminium Company Limited. Online filing of the Certified Copy of Order in the prescribed Form
INC-28 has been made with the Registrar of Companies, West Bengal on November 23, 2014.
Further, the Board of Directors of the Company in its meeting held on November 23, 2014 has:
1. Taken note of resignation of Mr. Basant Kumar Agrawal as Managing Director of the Company with effect from November 23, 2014.
2. Taken note of resignation of Mr. Sushil Kumar Agrawal as Whole Time Director of the Company with effect from November 23, 2014.
3. Appointed Mr. Suresh Kumar Agrawal, Whole Time Director of the Company, as Managing Director of the Company on the recommendation of Nomination and Remuneration Committee, subject to approval of the Shareholders of the Company.
4. Appointed Mr. Basudeo Agrawal as Additional Director, designated as Whole Time Director of the Company on the recommendation of Nomination and Remuneration Committee, subject to approval of the shareholders of the Company.
5. Appointed Mr. Mahabir Prasad Agrawal, Non-executive Director of the Company, as Whole Time Director of the Company on the recommendation of Nomination and Remuneration Committee, subject to approval of the shareholders of the Company.
6. Approved change in designation of Mr. Sunil Kumar Agrawal as Non-Executive Director of the Company.
7. Appointed Mr. Vineet Agrawal as Additional Non-Executive Director of the Company.
8. Appointed Mr. Varun Agrawal as Additional Non-Executive Director of the Company. |
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