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| Exchange Disseminated Time 31/05/2016 11:49:04 | DCM Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, have:
1. Pursuant to coming into effect of the Scheme of Amalgamation of DCM Engineering Limited into and with the Company, all the equity shares held by the Company in DCM Engineering Limited stand automatically cancelled and remaining shareholders of DCM Engineering Limited have been allotted 12,98,712 Equity shares of Rs. 10/- each fully paid-up as per exchange ratio of 20 fully paid up equity shares of Rs. 10/- each in the Company for every 77 fully paid up equity shares of Rs. 10/- each held in DCM Engineering Limited.
2. appointed Mr. L. Lakshman, Dr. Raghupati Singhania and Mr. Chandra Mohan as Additional Director(s) of the Company w.e.f. May 30, 2016.
3. also appointed Mr. L. Lakshman, Dr. Raghupati Singhania and Mr. Chandra Mohan as Independent Director(s) subject to approval of members of the Company.
4. have accepted the resignation of Mr. Arun Kumar Vedhera from directorship of the Company w.e.f. May 29, 2016. |
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