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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 February 05, 2014, inter alia, have approved :
1. amendments to the Employees Stock Option Scheme 2011 (ESOP Scheme 2011) consequent to the Company becoming a subsidiary of Sundaram Investment Limited.
2. induction of Mr. K E Ranganathan as an Additional Director and his appointment as Managing Director with effect from February 06, 2014 under the Companies Act, 1956.
3. seeking approval of the shareholders for the above (1 & 2) through postal ballot process.
Mr. R Sridhar and Ms. K Hema Rao, who were appointed as "Managers" at the Board Meeting held on November 07, 2013 relinquished their position as "Manager" under the Companies Act, 1956 from the closing of February 05, 2014 consequent to the appointment of Managing Director. |
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