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| Exchange Received Time 13/06/2017 15:41:04 Exchange Disseminated Time 13/06/2017 15:41:08 Time Taken 00:00:04 | The following business was transacted at the meeting of the Board of Directors held today i.e. 13.06.2017:
1.Acceptance of resignation of Mr. Mihir Devani (DIN: 07238089) from the post of Whole-time Director & CEO of and KMP of the Company w.e.f 15.06.2017.
2.Appointment of Mr. Manubhai Rathod (DIN: 07618837) as an Additional Director & upon such appointment, as Whole-time Director & CEO of the Company for a period of 3 (Three) years w.e.f 15.06.2017, subject to approval of Shareholders at the ensuing Annual General Meeting of the Company. Further, on appointment he be considered as Key Managerial Personnel of the Company as per Companies Act, 2013.
3.Mr. Manubhai Rathod has been authorised for determining the materiality of an event as required in terms of Regulations 30 (5) of SEBI (LODR) Regulations, 2015;
Mr. Manubhai Rathod Whole time Director & Chief Executive Officer Phone: (0286) 22217280, Email: mrathod@oalmail.co.in
The meeting concluded at 3.30 P.M
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