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| Exchange Disseminated Time 13/02/2017 15:09:51 | Bodal Chemicals Ltd has informed BSE that the meeting of the Board of Directors was held on February 13, 2017 at 12.20 p.m. as per notice of the meeting. The following major business was transacted thereat.
1. The Board of Directors has appointed Mr. Nalin Kumar, as an Additional Director of the Company and he is an Independent Director of the Company as per recommendation of Nomination and Remuneration Committee.
2. The Board of Directors has accepted resignation of Mrs. Kajal Ritesh Soni as a Director (Independent) of the company w.e.f. February 11, 2017.
3. The Board of Directors has accepted resignation of Mr. Sunil K. Mehta as a Director (Independent) of the company w.e.f. February 11, 2017.
4. The Board of Directors has in principal agreed to recommend and appoint M/s. Deloitte Haskins & Sells LLP as Statutory auditor of the company for the financial year 2017-18, subject to completion of formalities and approval from the member in the next annual general meeting. Further, M/s. Mayank Shah & Associates, statutory auditor of the company will retire, on the conclusion of next annual general meeting, on the Completion of their tenure as per the Companies Act, 2013.
5. The Board of Directors has reconstituted Nomination and Remuneration committee due to resignation of Mr. Sunil K. Mehta, Director of the Company.
Mr. Nalin Kumar, Director (Independent) has been inducted as a member of Nomination and Remuneration committees.
Further note that the Board of Directors of the Company consist 6 Directors out of which 3 Directors are Independent after said development.
The Board Meeting was started on 12.20 p.m. and Concluded at 02.45 p.m. |
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