|
| Exchange Received Time 25/05/2017 19:23:40 Exchange Disseminated Time 25/05/2017 19:23:51 Time Taken 00:00:11 | This is to inform that the Board of Directors in its meeting held today i.e. 25th May, 2017 has inter-alia considered and approved the following:
1. Appointment of Mr. Nalin Kumar Gupta as Chief Financial Officer (KMP) of the Company. (Brief Profile enclosed)
2. Appointment of Ms. Aparna Goel, as Company Secretary (KMP) of the Company. (Brief Profile enclosed)
3. Annual Audited Consolidated Financial Results and Standalone Financial Results of the Company for the year ended 31st March, 2017. (Copies enclosed)
4. Recommended Dividend @ 35% on Equity Shares ( `3.50 per share of `10 Each) , subject to approval of shareholders at the forthcoming Annual General Meeting by the Members of the Company.
5. Recommended Commission for Financial Year 2017-18 to Independent Directors of the Company, subject to approval of shareholders at the forthcoming Annual General Meeting by the Members of the Company.
6. Raising of Funds by way of Commercial Papers upto an amount of `500 Crores.
7. Approved for transfer of 'Rural Distribution Business' of Consumer Products to its wholly owned subsidiary EHAAT Limited.
This is to further inform that the abovementioned transfer of business activity is not falling under Material Event as prescribed in SEBI required under SEBI (LODR) Regulations, 2015.
8. Recommended appointment of TR Chadha & Co., Chartered Accountants and Atul Garg & Associates, Chartered Accountants, as Joint Statutory Auditors of the Company, subject to approval of shareholders at the forthcoming Annual General Meeting by the Members of the Company. (Brief Profile enclosed)
9. Re-appointment and revision in remuneration of Executive Directors of the Company.
10. Alteration in Articles of Association of the Company to align it with the provisions of the Companies Act, 2013 including the Rules framed thereunder.
11. Annual General Meeting to be held on Wednesday, 9th day of August, 2017.
|
|
|