|
| Exchange Disseminated Time | Gulf Oil Lubricants India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 05, 2014, has considered, approved and recommended to the Shareholders for their approval through postal ballot, pursuant to Section 110 of the Companies Act, 2013 read with relevant rules of the Companies (Management and Administration) Rules, 2014, the following decisions:
1. Shifting of Registered Office of the Company from Hyderabad, State of Telangana to Mumbai, State of Maharashtra;
2. Confirmation of shareholders for the appointment of Mr. Ravi Chawla, as Managing Director of the Company for a period of three year effective from June 06, 2014;
3. To increase the existing Authorised Capital by 5%. This will facilitate implementation of Stock Option programme to the employees of the Company/Holding Company/Subsidiary Companies/ Associate Companies in future, in accordance with SEBI regulations and all other applicable laws. |
|
|