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| Exchange Disseminated Time | Jayaswal Neco Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 10, 2014, inter alia, approved the following :
1. Issue of further Equity Shares
Issue of 6,88,00,000 Equity Shares of Rs. 10/- each Premium of Rs. 15/- per share on Preferential Basis subject to requisite approvals from the Stock Exchanges, Members and SEBI (ICDR) Regulations, 2009.
2. Appointment of Managing Director and Joint Managing Director
Terms and conditions of Appointment including remuneration of Shri Arbind Jayaswal as Managing Director and Shri Ramesh Jayaswal, as Joint Managing Director for a period of 3 years w.e.f. January 01, 2014.
3. Appointment of Executive Director and Chief Financial Officer
Terms and conditions of Appointment including remuneration of Shri Pramod Kumar Bhardwaj as Executive Director and Chief Financial Officer for a period of 3 years w.e.f. February 25, 2014.
4. Appointment of Additional Director in the place of Shri Nirmit Ved
Appointment of Shri S. N. Singh as Additional Director to hold office until ensuing Annual General Meeting.
Further, the Company has informed that, Shri Nirmit Ved, Nominee Director of Export Import Bank of India has ceased to be a Director of the Company, consequent upon withdrawal of Nomination by Export Import Bank of India. |
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