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| Exchange Disseminated Time | TVS Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 06, 2015:
1. have appointed Mr. M. Lakshminarayan and Mr. M. F. Farooqui as Non-executive Independent Directors of the Company for a period of 5 years with effect from May 06, 2015;
2. have appointed Mr. Narayan K. Seshadri as Non-executive Non-Independent Director of the Company with effect from May 06, 2015;
3. have approved the proposal for issue of Restricted stock Units as per SEBI (Share Based Employee Benefits) Regulations 2014, subject to the approval of the shareholders.
4. have taken on record the Code of Conduct of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Insiders with effect from May 15, 2015, as required under SEBI (Prohibition of Insider Trading) Regulations, 2015.
5. Approved a proposal to conduct Postal Ballot to transact inter-alia the appointment of Independent Directors, revision in the remuneration of Managing Director, ratification of Cost Auditor’s Remuneration, issue of Stock under the proposed Restricted Stock Units (RSU) Scheme. |
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