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| Exchange Disseminated Time | McNally Bharat Engineering Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 13, 2013, inter alia, has:
1. decided as an abundant precaution to approach the Central Government to seek their approval for payment of Managerial Remuneration in the unlikely event of inadequate profit and has approved the draft copy of Notice of the same to be sent to the Shareholders of the Company for their approval pursuant to Section 192A of the Companies Act, 1956 along with the
Explanatory Statement, Postal Ballot Form, Calendar of Events and Newspaper Advertisement as placed before the Board.
2. approved the appointment of Mr. A. K. Labh, Practicing Company Secretary, Kolkata, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. |
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