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| Exchange Disseminated Time 22/08/2015 18:33:22 | Impex Ferro Tech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 22, 2015, has considered and approved the following :
1. Re-appointment of Mr. Satish Kumar Singh as an Executive Director of the Company for a further period of 3 (Three) years w.e.f. August 22, 2015, subject to the approval of the Members and such other approvals and consents as may be required under the provisions of the Companies Act, 2013 and Rules thereof.
2. Mr. Rakesh Seemakurti has been appointed as an Additional Director of the Company w.e.f. August 22, 2015. Mr. Ankit Patni, Non Executive Director of the Company has resigned w.e.f. August 22, 2015.
The Board of Directors have also considered and approved the following agenda in addition the routine agendas, to be proposed for the approval of Members at the ensuing Annual General Meeting :
a. Corporate Debt Restructuring (CDR) Scheme by and between the Company and the rupee lenders of the Company.
b. Granting of option to CDR Lenders to convert their outstanding Loans into Equity Shares.
c. Increase in authorized share capital of the Company and consequential amendment to the Memorandum of Association of the Company.
d. Issue of Equity Shares on preferential basis to the Promoter Group. |
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