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| Exchange Disseminated Time 04/02/2017 17:34:28 | Munjal Auto Industries Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on February 04, 2017, inter alia, has transacted the following :
1. Approval to obtain consent from members by Postal Ballot pursuant to Section 108 & 110 of the Companies Act, 2013 as also Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 read with Regulation 44
of the Listing Regulation in respect of :-
a. Revision of remuneration payable to Mr. Sudhir Kumar Munjal, Managing Director with effect from October 01, 2016 upto
his residual tenure ending on October 28, 2018 pursuant to Section 197 read with schedule V of the Act.
b. Revision of remuneration payable to Mrs. Anju Munjal, Whole Time Director with effect from October 01, 2016 upto her residual tenure ending on September 28, 2019 pursuant to Section 197 read with schedule V of the Act.
c. Revision of remuneration payable to Mr. Anuj Munjal, Whole Time Director with effect from October 01, 2016 upto September 30, 2019 pursuant to Section 197 read with schedule V of the Act.
The Company has fixed February 17, 2017 as the cut-off date pursuant to the Act. |
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