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| Exchange Disseminated Time | Butterfly Gandhimathi Appliances Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 11, 2012, inter alia, to consider and approve, the following actions:
1. The issue and allotment of 24,51,000 (twenty four lakhs fifty one thousand) equity shares on a preferential basis to Reliance Alternative Investments Fund — Private Equity Scheme — I (acting through Reliance Alternative Investments Services Private Limited) under applicable SEBI regulations pursuant to the approval of the shareholders of the Company at the Extra Ordinary General Meeting held on April 16, 2012.
2. The appointment of Messrs T. S. Krishnamurthy and K. J. Kumar as independent directors on the Board of Directors.
3. The appointment of Mr. R. S. Prakash, Nominee of Reliance Alternative Investments Fund — Private Equity Scheme-I as a Non-executive Director on the Board of Directors,
and
4. Taking on record the resignation of Mr. D. Krishnamurthy as a Director of the Company. |
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