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| Exchange Disseminated Time | PAE Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 10, 2014, inter alia,
has :
1. Consequent to resignation of Mr. Dilip Thakkar, Independent Director and Audit Committee Chairman co-opted Dr. Rajendra Nath Mehrotra., Independent Director as new Chairman of Audit Committee of the Board of Directors.
2. Re-constituted Audit Committee and Nomination and Remuneration Committee of the Board of Directors of the Company.
3. Approved the conversion of 4,30,000 11% optionally Convertible, Cumulative, Redeemable, Preference Shares into 4,30,000 Equity Shares of Rs. 10/- each at par out of 9,00,000 11% optionally Convertible, Cumulative, Redeemable, Preference Shares pursuant to conversion request of Preference Shareholders. |
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