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| Exchange Disseminated Time | Binny Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 27, 2015, has transacted the following businesses:-
1. Dr. D.V.R. Prakash Rao has been appointed as an Additional (Independent) Director of the Company w.e.f. March 27, 2015.
2. Shri. T. Radhakrishnan has been appointed as an Additional (Independent) Director of the Company w.e.f. March 27, 2015.
3. The Board considered and approved the Scheme of Arrangement between the Company and its Preference Shareholders under section 391 to 394 read with Sections 100 to 103 and other applicable provisions of the Companies Act, 1956 for cancellation of Cumulative Redeemable Preference Shares of the Company issued to M/s. Mohan Breweries and Distilleries Limited, a Company under the same Management and issue of Non-convertible Debentures at discount in lieu thereof, subject to the approval of the shareholders through Postal Ballot and E-voting, Bombay Stock Exchange, SEBI and High Court of Madras. |
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