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| Exchange Disseminated Time 14/11/2015 18:00:03 | Power Mech Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2015, inter alia, have transacted the following business:
1. Decided to explore business opportunities in Nigeria & other African countries by establishing a joint venture entity in Lagos, Nigeria with an intent to undertake activities of repair of Steam/Gas Turbine, engineering services, component repair services and related repair services in Africa.
2. Appointed of Mr. Sutanu Behuria as Additional Director - Independent Category.
3. Appointed of Mr. M. Rajiv Kumar as Additional Director - Non Executive Category and approved the payment of consultancy fees subject to the prior approval of shareholders by way of Postal Ballot and authorized the Company Secretary to do all such acts as may be required in this regard.
4. Accepted the resignation of Mr. Rakesh Sony as Director from the Board. |
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