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| Exchange Disseminated Time 12/08/2016 18:00:27 | Jayaswal Neco Industries Ltd has informed BSE that the Board of Directors of the Company at its Meeting dated August 12, 2016, inter alia, has transacted the following:
1. Approved, subject to approval of Members in ensuing Annual General Meeting, the Appointment of Shri S N Singh, Smt. Raji Nathani and Shri D. K. Sahni, as the Independent Directors of the Company for the term of 5 (Five) years w.e.f. September 22, 2016 and the Appointment of Shri Arvind Iyer as the Independent Director of the Company for the term of 5 (Five) years w.e.f. November 13, 2016.
2. Approved, subject to approval of Members in ensuing Annual General Meeting, the Appointment and Remuneration of Shri Arbind Jayaswal, as Managing Director as well as Shri Ramesh Jayaswal, as Managing Director of the Company for the period of 3 (Three) years w.e.f. January 01, 2017 and Appointment and Remuneration of Shri Pramod Kumar Bhardwaj, Executive Director and CFO of the Company for the period of 3 (Three) years w.e.f. February 25, 2017.
3. Approved, subject to approval of Members in ensuing Annual General Meeting, the alteration and adoption of new set of Articles of Association of the Company and the alteration in ancillary and incidental Object Clause of Memorandum of Association of the Company. |
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