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| Exchange Disseminated Time 19/05/2016 16:22:01 | Can Fin Homes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2016, has transacted the following:
1. The Board of Directors of the Company at their meeting held on May 18, 2016, have noted the resignation submitted by Shri C Ilango, as a director and Managing Director of the Company, on his repatriation to Canara Bank w.e.f. May 18, 2016 (after office hours).
2. Further, at the said meeting the Board of Directors have appointed Shri Sarada Kumar Hota, Additional Director and Whole-time Director of the Company as the Managing Director (Key Managerial Personnel) of the Company w.e.f. May 19, 2016 for a tenure upto 3 years (subject to further extension in the period of service, if any by Canara Bank). The said appointment is subject to the approval of shareholders at the ensuing Annual General Meeting of the Company. Shri Sarada Kumar Hota, Managing Director is not related to any other director on the Board.
3. Further, at the said meeting the Board has noted the resignation submitted by Smt. Bharati Rao, Additional Director, due to personal reasons, w.e.f. May 18, 2016.
4. Further, as intimated in the letter dated May 06, 2016 cited above, the proposal for obtaining shareholder's approval at the ensuing Annual General meeting, for raising of funds by way of issue of Non-Convertible Debentures on Private placement basis, has been approved by the Board of Directors at the meeting held on May 18, 2016. |
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