|
| Exchange Disseminated Time | Time Technoplast Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2016, inter alia, has transacted the following:
1. Appointment of Mr. Praveen Kumar Agarwal and Ms. Triveni Makhijani as Additional Directors (Independent):
Based on the recommendation of the Nomination & Remuneration Committee, Board has approved appointment of Mr. Praveen Kumar Agarwal and Ms. Triveni Makhijani as Additional Directors (independent).
2. Authorise Kev Managerial Personnel (KMP's) for the purpose of determining the materiality of any event or transactions and for making the required disclosures to the Stock Exchanges.
3. Adoption of Policy on Preservation of Documents as per Regulation 9 of SEBI (LODR) Regulations, 2015.
In terms of Regulation 9 of the SEBI (LODR) Regulations, 2015, the Board of Directors has adopted Policy on Preservation of Documents. Detailed policy is available on the website of the Company www.timetechnoplast.com
4. To raise funds upto Rs. 200 crores through Qualified Institutional Placement (QIP):
Board has approved to raise funds upto Rs. 200 crores through Qualified Institutional Placement (QIP) subject to Shareholders and Statutory / Regulatory approvals, if any.
5. Resignation of Mr. Kartik Paria, Independent Director and Ms. Monika Srivastava, Non Executive Director:
Mr. Kartik Parija, Independent Director and Ms. Monika Srivastava, Non Executive Director has tendered their resignation from the Board of the Company. The Board has noted their resignations and appreciated their contribution on the Board. |
|
|