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| Exchange Disseminated Time | Bajaj Steel Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2014, inter alia, has considered and approved the following :
1. The Recommendation of Dividend on Equity Shares @ 40% i.e. Rs. 4/- Per Equity Share on 23,50,000 Equity Shares of Rs 10/- each for the Financial Year 2013-14, to be declared by the shareholders/members of the Company at the forthcoming Annual General Meeting.
2. Re-appointment of Shri Rohit Bajaj as a Managing Director & Shri Sunil Bajaj, Executive Director of the Company for Five (5) years w.e.f. July 01, 2014.
3. Adopted Code for Independent Directors, Vigil Mechanism / Whistle Blower Policy & Remuneration Policy under the Companies Act, 2013.
4. Constituted Corporate Social Responsibility (CSR) Committee & adopted Corporate Social Responsibility (CSR) Policy of the Company under Section 135 of the Companies Act, 2013.
5. Re-designated / reconstitution of Remuneration Committee to Nomination & Remuneration Committee & Investor Grievance committee or Share Transfer committee to Stakeholders Relationship Committee under Companies Act, 2013 and also named as Investor Grievance committee under the Listing Agreement.
6. Take on record the Key managerial personnel of the company under Section 203 of the Companies Act, 2013 amongst others. |
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