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| Exchange Disseminated Time 22/12/2016 15:17:03 | Vardhman Textiles Ltd has submitted to BSE a copy of the Resolution passed by the Board of Directors in its meeting held on November 15, 2016.
"RESOLVED THAT pursuant to provisions of Section 110 read with Rule 22 of Companies (Management and administration) Rules, 2014 and other applicable provisions/rules, if any, of the Companies Act, 2013 or any re-enactment thereof; any other law for the time being in force and subject to approval of members of the Company, the consent of Board of Directors of the Company, be and is hereby accorded to conduct a Postal Ballot to seek members’ approval for the following items of business:-
1. Ordinary Resolution for appointment of Mrs. Suchita Jain as Joint Managing Director of the Company u/s 196,197, 203, Schedule V of the Companies Act, 2013 read with Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.
2. Ordinary Resolution for revision in remuneration being paid to Mr. Neeraj Jain, Joint Managing Director of the Company u/s 196, 197, 203, Schedule V of the Companies Act, 2013 read with Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.
3. Ordinary Resolution for revision in remuneration being paid to Mr. Sachit Jain, Joint Managing Director of the Company u/s 196, 197, 203, Schedule V of the Companies Act, 2013 read with Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.
4. Special Resolution to issue Non- Convertible Debentures (NCDs)/ Bonds u/s Section 42 and 71 of the Companies Act, 2013, Rule 14(2) of Companies (Prospectus and Allotment of Securities) Rules, 2014, Companies (Share Capital and Debentures) Rules, 2014. |
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