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| Exchange Received Time 06/11/2017 18:42:18 Exchange Disseminated Time 06/11/2017 18:42:22 Time Taken 00:00:04 | In terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, the Board of Directors in the meeting held on 06th November, 2017 has inter-aIia, considered and approved the following:
a. Sub-division of existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 5 (five) Equity Shares of Rs. 2/- each fully paid up, subject to approval of the Shareholders.
b. Consequential alteration to the Capital Clause of Memorandum of Association.
a. Adoption of new set of Memorandum of Association as per the Companies Act, 2013 ('the Act')
b. Regularizing the increase in remuneration of Managing Director, Mr. Rajeev Bajaj (DIN: 02284467) by way of special resolution in place of ordinary resolution passed at the last Annual General meeting (AGM) held on 20th July, 2017.
The Board has decided to seek the approval of Shareholders" through Postal Ballot Process for all the above proposed resolutions
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