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| Exchange Disseminated Time 05/11/2015 18:14:11 | Patel Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 05, 2015, inter alia, has transacted the following :
1. Ms. Kavita Shirvaikar was appointed as Chief Financial Officer of the Company in place of Ms. Silloo Patel. However, Ms. Silloo Patel shall continue as Whole time Director of the Company.
2. The Company shall appropriate 64,050 equity shares towards Patel Engineering General Employee Benefits Scheme enabling Patel Engineering Employee Welfare Trust to use the benefit out of these shares for welfare of the employees.
This is in compliance with Regulation 3(12) of SEBI (Share Based Employee benefits) Regulations, 2014. |
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