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| Exchange Received Time 23/08/2017 17:18:02 Exchange Disseminated Time 23/08/2017 17:18:07 Time Taken 00:00:05 | The Board of Directors of the Company at its meeting held on Wednesday, August 23, 2017 inter alia considered the following matters -
a. Approved Standalone Unaudited Financial Results for the 1st quarter ended June 30, 2017. We are enclosing herewith, duly authenticated copies of the Standalone Unaudited Financial Results along with the Limited Review Report dated August 23, 2017 issued by our Statutory Auditors M/s. Ashok Kumar, Prabhashankar & Co. Chartered Accountants, Bangalore.
b. Noted resignation of Mr. Robert Taylor from the office of Director with effect from 22nd August, 2017, to enable the Company to appoint him as an Independent Director.
c. Appointed Mr. Robert Taylor as an Additional Director to hold office as an Independent Director to fill vacancy caused by resignation of Mr. P Uma Shankar, subject to the approval of the members w.e.f. August 23, 2017.
d. Approved the notice convening the 37th annual general meeting of the Company for the financial year ended March 31, 2017.
e. To close the Register of Members and the Share Transfer Books for purposes of annual general meeting from Thursday, September 21, 2017 to Saturday, September 30, 2017 (both days inclusive).
f. Fixed Saturday, the 30th day of September, 2017 to hold the meetings of the members, Secured Creditors and Unsecured Creditors, pursuant Section 233 of the Companies Act, 2013 read with Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and approved the notices convening the said meetings, to seek approval for the Scheme of Amalgamation of Vantamuri Trading and Investments Limited (VTIL or First Transferor Company) and Nandur Sugars Limited (NSL or Second Transferor Company) into Ravindra Energy Limited (REL or Transferee Company).
g. To shift following contracts of the aggregate capacity of 6000 kWp under PPA Model (RESCO), for implementation of grid connected Rooftop Solar PV Systems, allocated to the Company by Solar Energy Corporation of India Limited (SECI), vide its letter of allocation dated November 11, 2016, to Rhibhu Rooftop Solar Solutions Limited, a Wholly-Owned Subsidiary of the Company:
i. 2,500 kWp in the state of Karnataka; and
ii. 3,500 kWp in the state of Maharashtra.
The meeting of the Board of Directors commenced at 3:00 pm and concluded at 5:00 pm. |
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