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| Exchange Disseminated Time | Shakti Pumps India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2015, inter alia, has taken the following decision:
1. The Board has approved conversion of 7,50,000 (Seven Lakhs Fifty Thousand Only) Warrants of Rs. 80/- each into 7,50,000 (Seven Lakhs Fifty Thousand Only) Equity Shares of Rs. 10/- each at a premium of Rs. 70/- each and allotment of Equity Shares on a preferential basis to Mr. Ankit Patidar, Promoter and Promoter Group - Directors Relatives.
2. The Board has approved appointment of Mrs. Nishtha Neema as a Woman Independent Director with effect from March 28, 2015.
3. The Board has approved appointment of Mr. R. Shadananan as a Company Secretary and Compliance Officer of the Company with effect from May 01, 2015.
4. The Board has accepted resignation of Mr. Manoj Maheshwari as a Company Secretary and Compliance Office of the Company with effect from April 30, 2015. |
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