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| Exchange Received Time 29/05/2017 14:17:03 Exchange Disseminated Time 29/05/2017 14:17:09 Time Taken 00:00:06 | This is to inform you that our Board at its meeting held on 27th May 2017, has interalia :-
1. Approved Audited Financial Results of the Company for the year ended 31st March, 2017 along with Statement of Assets and Liabilities. We are enclosing duly signed Audited Financial Results for the quarter/year ended 31st March, 2017 as approved by the Board along with Auditors Report thereon of M/s. Jayantilal Thakkar & Co., Statutory Auditors and with duly signed prescribed Form A.
2. Recommended Dividend of Rs. 15/- per Equity Share (150%) of the face value of Rs.10/- each for the F.Y. ended 31st March, 2017, for declaration by the members at the ensuing Annual General Meeting.
3. Approved appointment of M/s. Songira & Associates, Chartered Accountants (FRN 128085W) as Statutory Auditors of the Company, to hold office for a term of 5 years from the conclusion of the 39th Annual General Meeting till the conclusion of the 44th Annual General Meeting of the Company, subject to approval of the members of the Company, in place of retiring Auditor M/s. Jayantilal Thakkar & Co., in accordance with the requirement of section 139 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014.
4. Approved the re-appointment of Shri. Gaurav P. Poddar as President and Executive Director for a period of 5(five) years w.e.f. 1st August, 2017 and remuneration payable to him, subject to approval of the members.
5. Approved the re-appointment of Shri. Ramesh D. Poddar as Chairman and Managing Director and Shri. Shrikishan D. Poddar as Executive Director for a period of 5(five) years w.e.f. 1st November, 2017 and remuneration payable to them, subject to approval of the members.
The meeting commenced at 4.00 p.m. and concluded at 6.30 p.m.
Please take the same on record and oblige.
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