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| Exchange Disseminated Time | Mudra Lifestyle Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 23, 2011, inter alia, have approved the following:
1. The Board acknowledged the transfer of Sale of Shares to E-Land Fashion China Holdings Limited (“Purchaser”) from existing promoters and recognised it as the majority shareholder and promoter of the company. Now M/s E-Land Fashion China Holdings Limited has 65.84% Equity Stake in the company.
2. The Board of Directors was reconstituted as under:
Mr. G.P. Nair resigned from the directorship of the company.
Mr. Lee, Eun Hong was appointed as Non Executive and Non Independent director of the company and he was also appointed as Chairman of the Board.
Following directors were also appointed:
Mr. Hong, Jung Ho - Executive Director
Mr. Choi, Kwang Hyuk - Executive Director
Mr. Chong Tae Baek - Independent Director
Mr. K Young Hur - Independent Director
Mr. Mrithyunjay Amblimath - Independent Director
Mr Gagan Rai - Independent Director
3. Mr. Eung Kyun Shin was appointed as Managing Director of the company along with Mr. Murarilal Agarwal as joint Managing Director of the company. |
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