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| Exchange Disseminated Time 09/11/2016 19:21:59 | Parag Milk Foods Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 09, 2016, inter alia, has approved the following at this meeting :
1. Appointment of Internal Auditors M/s. KPMG for FY 2016-2017 as recommend by the Audit Committee.
2. Approval of increase in remuneration of Mr. Devendra Shah, Chairman of the Company upto the maximum limits permissible under sections 196, 197 and 198 of the Companies Act 2013 and Schedule V of the Companies Act 2013 and other applicable provisions and rules under the Act.
3. Increase in remuneration of Mr. Pritam Shah- Managing Director of the Company upto the maximum limits permissible under sections 196, 197 and 198 of the Companies Act 2013 and Schedule V of the Companies Act 2013 and other applicable provisions and rules under the Act.
4. Increase in remuneration of Ms. Akshali Shah (Relative of Director) holding an office or place of profit in the Company pursuant to section 188 of the Companies Act, 2013. |
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