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| Exchange Disseminated Time | Tulsyan NEC Ltd has informed BSE that the Audit Committee and the Board at its meeting held on November 14, 2014, could not consider the quarterly financial results for the quarter ended September 30, 2014 as the Company is presently engaged in the restructuring of the Company’s Debts with the Bankers and accordingly the consideration of said financial results has been deferred to the next Board meeting, the date of which shall be intimated in due course. Further, the Board at its meeting held on November 14, 2014 has approved the following businesses subject to approval of shareholders by way of Postal Ballot in accordance with provisions of Companies Act, 2013 and the provisions of Companies (Management and Administration) Rules, 2014.
1. Approval for payment of remuneration to Shri Sanjay Tulsyan, Managing Director.
2. Approval for payment of remuneration to Shri Lalit Kumar Tulsyan. Executive Chairman.
3. Approval for payment of remuneration to Shri Sanjay Agarwalla, Whole-time Director.
4. Approval for re-appointment and payment of remuneration to Shri A. P. Venkateswaran, Whole-time Director (Finance & Accounts).
5. Approval for loans and investments in other Companies / Bodies Corporate(s).
6. Approval for creation of charge / mortgage on the assets of the Company. |
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