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| Exchange Disseminated Time 07/11/2016 18:51:18 | TIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 07, 2016, inter alia, has approved the following business:
1. The Board of Directors noted the resignation of Mr. Somnath Bhattacharya, President and Chief Executive Officer of the Company effective from September 01, 2016;
2. The Board of Directors have considered and approved subject to approval of the Shareholders by Special Resolution through Postal Ballot adoption of new set of Memorandum of Association and Articles of Association pursuant to the applicable provisions of Companies Act, 2013 read with the relevant Rules;
3. The Board of Directors have approved the draft Postal Ballot Notice together with explanatory statement thereto, the Postal Ballot Form and Appointment of Mr. T. Chatterjee, Practicing Company Secretary, as the scrutinizer for conducting the Postal Ballot process. |
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