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| Exchange Disseminated Time | Maxwell Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held February 12, 2016, inter alia, has approved the following:
1. Appointment of Mr. Sunil J. Pathare as a Chairman of the Company with immediate effect.
2. The re-appointment of Mr. Sunil J. Pathare as a Managing Director of the Company for a period of 3 years w.e.f. April 01, 2016 to March 31, 2019 subject to approval of the Members of the Company.
3. The re-appointment of Mr. Kapil J. Pathare as a Whole time Director of the Company for a period of 3 years w.e.f. April 01, 2016 to March 31, 2019 subject to approval of the Members of the Company.
4. Accepted the resignation of Mr. Arvind Kulkarni - Independent Director of the Company due to his age factor.
5. The MOU with WFB Baired & Company (India) Private Limited to sale the processing unit situated at 13-15, SIPCOT, Perundurai, Erode, Tamilnadu - 638 052 for a consideration of Rs. 4.90 Crores.
6. In-principle approval has been given to sale of knitting unit situated at 360/13, Ganesh Industrial Estate, Village Kachigam, Nani Daman, Daman - 396 210. |
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