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| Exchange Disseminated Time | Arshiya International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 02, 2014, inter alia, has approved the following matters :
1, Subject to the approval of shareholders, Allotment of equity shares on preferential basis as per CDR scheme in compliance with SEBI and other applicable regulatory guidelines/ Regulations.
2. Subject to the approval of shareholders, Increase the authorised capital of company.
3. Conduct of Postal ballot for seeking Approval of shareholders of the Company for items at sr. no.1 & 2 above and other consequential matters pertaining to Postal Ballot.
4. Appointment of Mr Manoj Mimani as scrutinizer for the purpose of postal ballot.
5. Re-appointment of Mr. Ajay S Mittal as Managing Director and Mrs. Archana A Mittal as Joint Managing Director for the period of five years w.e.f. April 19, 2014 with an annual token remuneration.
The Board also accepted to relieve Major Suhas Thakar. Executive Director - w.e.f. March 31, 2014 on attaining superannuation. |
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