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| Exchange Disseminated Time | Indo Tech Transformers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2015, inter alia, has transacted the following business:
1. Resignation of Mr. Luis Carlos Siveyra as Chairman of the Company and Board of the Company w.e.f. May 27, 2015;
2. Appointment of Mr. Ricardo Suarez Garza as Additional Director and Chairman of the Company w.e.f. May 27, 2015;
3. Resignation of Mr. Arun Bhalla as Independent Director of the Company w.e.f. May 27, 2015;
4. Resignation of Mr. Arun Srivastava as Independent Director of the Company w.e.f. May 27, 2015;
5. Appointment of Mr. P. V. Krishna as Independent Director of the Company w.e.f. May 27, 2015;
6. Resignation of Mr. Shridhar Gokhale as “Manager” of the Company w.e.f. May 27, 2015;
7. Appointment of Mr. A. K. Sinha as Chief Executive Officer of the Company w.e.f. May 27, 2015;
8. Reconstitution of Audit Committee / Nomination and Remuneration Committee / Shareholders Grievance Committee.
9. Update on Sick Industrial Companies Act applicability - Extent of Networth Erosion as of March 31, 2015.
10. Approval of CEO / CFO Certificates in the normal course of business. |
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