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| Exchange Disseminated Time | Shakti Pumps India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 14, 2014, inter alia, has taken the following decisions:
1. The Board has recommended Final dividend for the financial year ended March 31, 2014 @ 20% i.e. Rs. 2/- per equity shares of Rs. 10/- each fully paid-up to the members for their approval.
2. The Board has approved increase remuneration of Mr. Dinesh Patidar, Managing Director with effect from April 01, 2014, subject to the approval of the members.
3. The Board has approved the Annual General Meeting on July 31, 2014.
4. Board has constituted Corporate Social Responsibility (CSR) Committee.
5. Board has re-constituted Nomination and Remuneration Committee.
6. Board has re-constituted Stakeholders Relationship Committee.
7. he Board has approved appointment of M/s. M. Maheshwari & Associates, Practicing Company Secretary for Secretarial Audit for the financial year 2014-15.
8. The Board has established a Vigil Mechanism for directors and employees to report their genuine concerns or grievances.
9. The Board has approved appointment of Mr. Akhilesh Maru as Chief Financial Officer of the Company with effect from May 15, 2014.
10. The Board has approved appointment of Mr. Manoj Maheshwari, designated as a Company Secretary & Compliance Officer of the Company with effect from May 15, 2014.
11. The Board has accepted resignation of Mr. Mukesh Patidar as Compliance Officer of the Company. |
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