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Exchange Disseminated Time | Bajaj Hindusthan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2014, inter alia, has approved seeking consent/approval or shareholders by way of postal ballot for:
1. Re-appointment and payment of remuneration to Dr. Sanjeev Kumar as Executive Director for a further period of 5 years with effect from March 12, 2014 and payment of minimum remuneration in case of loss or inadequacy of profit for a period of 3 years;
2. Payment of minimum remuneration to Mr. Kushagra Bajaj, Vice Chairman & Joint Managing Director in case of loss or inadequacy of profit for a period of 2 years (balance tenure of his present term) w.e.f. April 24, 2015. |
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