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| Exchange Disseminated Time | Hindusthan National Glass & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2015, inter alia, has considered and approved the following:
1. To engage in the business of Petroleum Coke and approved the alternation of Memorandum of Association of the Company by inserting Clause 4A after Clause 4 in the Object Clause of the Memorandum of Association of the Company.
2. Approved waiver of excess remuneration paid to Shri. Sanjay Somany & Shri. Mukul Somany as Vice Chairman & Managing Director of the Company during the Financial Year 2013-14 & 2014-15.
3. Approved appointment of Shri. Rakesh Kumar Sharma as an Executive Director of the Company for a further period of two years w.e.f. March 01, 2015.
4. To conduct Postal Ballot for obtaining shareholder's approval for waiver of excess payment of managerial remuneration to the Vice Chairman & Managing Directors of the Company during the financial years 2013-14 & 2014-15. |
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