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| Exchange Disseminated Time 30/05/2016 19:07:29 | Magnum Ventures Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on May 30, 2016, has:
1. Reviewed the Compliance Reports from various Departments pertaining to applicable laws as per Regulation 17(3) of SF.BI (LODR), 2015.
2. Took note of the annual operating plans and budgets.
3. Took note of the capital budgets for the year and any updates.
4. Took note of minutes of various committees of the board.
5. Took note of the appointment and remuneration of senior officials of the Company.
6. Discussed and took note of Quarterly details of foreign exchange exposure and the steps taken by the Management to limit the exchange risk movement
7. Discussed and evaluated the risk management policy of the Company.
8. Discussed and evaluated the performance of independent directors
9. Discussed and evaluated the performance of every director of the Company
10. Took note of the meeting and familiarization program of independent directors
11. Took note of the disclosure of senior management showing their non-conflict with the interest of the Company.
12. Took note of CEO/CFO Certification.
13. Discussed, approved and took on record the financial results for the financial year 2015-16 The auditor’s report for the financial year 2015-16, though signed but could not have been received, so will be taken up in the next board meeting.
14. Appointed M/s. B L Chakravarti & Associates, as Internal Auditors for the financial year 2016-17
15. Appointed M/s V.K. Dube & Co., Cost Accountants as Cost Auditors for the-financial year 2016-17. |
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