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| Exchange Disseminated Time 20/05/2016 14:57:38 | Munjal Showa Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2016, inter alia, have approved the followings;
1. Board of Director appointed Mr. Devi Singh Chairman of the Company.
2. Board considered interim dividend as final dividend for the F.Y. 2015-16. Board wants to retain its surplus for the future growth of the Company.
3. Board of Director appointed Mr. Surinder Kumar Mehta Chairman of the Nomination and Remuneration Committee.
4. Board of Director appointed Mr. Yogesh Chander Munjai Chairman of the CSR Committee.
5. Board of Director re-appointed Mr. Yogesh Chander Munjai as Managing Director of the Company w.e.f. September 01, 2016 with subject to the approval by shareholders in the ensuing general meeting.
6. Board considered and & recommended the ratification of appointment of M/s. S. R. Batliboi & Company LLP, Chartered Accountants, New Delhi.
7. Board of Directors appointed M/s. Satyender Kumar & Associates, Company Secretaries, Gurgaon, as the Secretarial Auditors of the Company for the financial year 2016-17.
8. Board of Directors appointed M/s. Vaish and Associates, Chartered Accountants, New Delhi, as Internal Auditors of the Company for the financial year 2016-17.
9. Board approved and adopted the Policy against Sexual Harassment at Workplace.
10. Board approved the royalty payment from 3 percent to 4 percent where licensor (Showa Corporation) employs new technology from financial year 2016-17 onwards.
11. Board also noted the credit rating assigned by CRISIL. |
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