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| Exchange Disseminated Time | Man Infraconstruction Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2015, inter alia, has approved the following:
1. Declaration of Interim Dividend of Rs. 0.54/- per share (Paise Fifty Four Only) (i.e. 27%) on 24,75,00,270 Equity Shares having Face Value of Rs. 2/- each, for the financial year 2015-16.
2. Postal Ballot Notice along with Calendar of Events for seeking approval of members for:
- Authorizing the Board of Directors of the Company to enter into contracts or arrangement with the related parties including material related party transactions pursuant to Section 188 of the Companies Act, 2013, the Companies (Meeting of Board and its Powers) Rules, 2014 and clause 49(VII) of the Listing Agreement;
- Re-appointment of Mr. Parag K. Shah as Managing Director;
- Re-appointment of Mr. Suketu R. Shah as Whole-time Director; and
- Ratification of remuneration payable to M/s. Joshi Apte & Associates, Cost Auditors of the Company for the financial year ending March 31, 2016.
The cutoff date for the purpose of determining the entitlement of shareholders for voting under aforesaid Postal Ballot has been fixed as May 29, 2015.
Further with reference to SEBI (Prohibition of Insider Trading) Regulation, 2015, andSEBI circular No. CIR/ISD/01/2012 dated May 11, 2015, the Company inform that :
1. The Company has formulated the Code of Practices and Procedures for Fair Disclosure of UnpublIshed Price Sensitive Information pursuant to Regulation 8 of SEBI (Prohibition of Insider Trading) Regulation, 2015 and the same shall be hosted on the website of the Company at www.maninfra.com.
2. Also, the Company has formulated the Code of Conduct to regulate, monitor and report trading by employees and other connected persons pursuant to Regulation 9 of SEBI (Prohibition of Insider Trading) Regulation, 2015. |
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