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| Exchange Disseminated Time | Frontier Leasing & Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2014, inter alia, has approved the following agenda Items :
1. Resignation of Mr. Manish Kedia and Mr. Narottam Babulal Vyas as Directors of the Company.
2. Re-Appointment of following Directors as Independent Directors as per the provisions of Section 149, 152 of the Companies Act, 2013 & revised Clause 49 of the Listing Agreement to hold office till March 31, 2019, subject to the approval of shareholders
- Mr. Vankat Govind Raghavan
- Mr. Rajesh Kathuria
3. Re-classification and increase in Authorised Share Capital of the Company from INR 20 Crore to INR 25 Crores.
4. Issue of Non-Convertible Redeemable Preference shares to Inimitable Capital Finance Private Limited to the tune of INR 20 Crore subject to the approval of the shareholders. |
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