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| Exchange Disseminated Time 28/07/2016 19:06:34 | Foods & Inns Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2016, has decided:
1. To hold the Annual General Meeting of the company on September 08, 2016. The notice for the AGM along with the Explanatory statement, Directors Report and Corporate Governance Report, Book closures dates and the related matters concerning the AGM were approved by the Board of Directors.
2. Cut-off date for the purpose of remote e-voting in the Annual General Meeting of the Company will be August 05, 2016.
3. Issue and allotment of:
• 1,50,000 Equity Shares of face value of Rs. 10 each to persons other than promoter and promoter group of the Company and;
• 72,000 warrants to persons belonging to promoter and promoter group of the Company with a right to subscribe one equity share per warrant.
on preferential basis at an issue price as per the requirements specified under chapter VII of the SEBIICDR Regulations.
4. Pay commission upto 1% of the net profits of the company to the non executive directors for five financial years commencing from 01-04-2016.
5. To appoint Mr. V.K. Beswal, Independent Director as Chairman of Audit Committee, Mr. D.D. Trivedi, Independent Director as chairman of Nomination & Remuneration Committee and Mrs. Kamlini Maniar, Independent Director, as Chairperson of Corporate Social responsibility Committee.
The meeting of the Board of Directors commenced at 5.30 p.m and concluded at 6.30 p.m |
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