|
| Exchange Disseminated Time 22/09/2016 17:25:20 | Fineotex Chemical Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 22, 2016, inter alia, has resolved the following :
1 - To sell of their investments in its subsidiary FCL Landmarc Private Limited. The subsidiary was incorporated in 2013 but did not carry any activity and had a net worth off Rs. 30,297 as per last Audited Financial Statement. Consent of shareholders was obtained by passing special resolution in the 12th AGM of the Company held on September 28, 2015.
2. To re-appoint Mr. Surendrakumar Tibrewala as Managing Director of the Company for a tenure of three years with effect from October 01, 2016. His appointment was approved by the shareholders with requisite majority in the 13th AGM held on September 20, 2016.
3. To re-appoint Mr. Sanjay Tibrewala as Whole time Director of the Company for a tenure of three years with effect from October 01, 2016. His appointment was approved by the shareholders with requisite majority in the 13th AGM held on September 20, 2016. |
|
|