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| Exchange Disseminated Time | Dolphin Offshore Enterprises (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2014, inter alia, have accorded the following:
1. Re-appointment of Mr. J. Jayaraman as an Independent Director for five consecutive years from the date of ensuing Annual General Meeting subject to approval of shareholders.
2. Accepted and took note of the resignation of Mr. Robert D. Petty w.e.f. April 30, 2014. Also noted that Mr. Karthik Athreya who is alternate Director to Mr. Robert D. Petty also cease to be Director of the Company w.e.f. April 30, 2014.
3. Revision in remuneration payable to Mr. Satpal Singh, Managing Director and Mr. Navpreet Singh, Joint Managing Director of the Company for the financial year 2013-2014 subject to approval of shareholders.
4. Alteration of Articles of Association of the Company subject to approval of shareholders.
5. Revision in Borrowing limit as per Section 180(1)(c) of the Companies Act, 2013 to the tune of Rs. 800 Crores subject to approval of shareholders. |
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