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| Exchange Disseminated Time 19/08/2016 17:27:21 | Man Industries (India) Ltd has informed BSE that :
"The Board of Directors of Man Industries (India) Limited have, by passing resolutions through circulation, appointed Mr. Annavarapu Venkat Rammurty as Additional Director in the category of Independent Director w.e.f. 8th August 2016 and accepted resignation of Mr. Ashok Gupta from the Directorship of the Company w.e.f. 9th August, 2016.
It may further be noted that the Company has received Securities Appellate Tribunal (SAT) Order dated 26.07.2016 dismissing the appeal No. 185 filed by the Company against SEBI Order no. ASK/AO/62/2014 dated March 28, 2014 imposing a penalty of Rs. 25,00,000/- (Rupees Twenty-Five Lakh only).
The issue being of technical nature, the Company has decided to prefer an appeal against the order." |
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