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| Exchange Disseminated Time | Indian Acrylics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2016, has approved the following:
1. Authorised Shri H K Singhal, Finance Director and Shri. Bhavnesh K Gupta, Company Secretary and Compliance Officer, to sign and execute fresh Listing Agreement with BSE
2. Formulated and adopted Policies under Regulation 30 of SEBI (LODR) Regulations, 2015 i.e. Policy on Materiality of Events or Information and Archival Policy.
3. Authorise Shri. H K Singhal, Finance Director and Shri. Bhavnesh K Gupta, Company Secretary and Compliance Officer as Key Managerial Personnels (KMPs) of the Company for the purpose of determining materiality of an event or Information.
4. Formulated and approved Policy for Preservation of Documents, as per Regulation 9 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
5. The Board has approved setting up of additional 19152 Spindles and Dying Plant of 12 MT per day capacity for manufacture of Acrylic Yarns at a cost of Rs.74.63 Crores at the same location. |
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