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| Exchange Disseminated Time | Kolte-Patil Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014, inter alia, has considered and approved the following:
1. The Board has appointed Mr. Prakash Gurav as an Additional Director (Independent Non - Executive Director) with effect from August 13, 2014.
2. The Board has taken on record resignation of Mr. Manish Doshi - Independent Director with effect from August 13, 2014.
3. The Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee have been reconstituted due to change in director and Corporate Social Responsibility Committee has been constituted pursuant to Section 135 of the Companies Act, 2013.
4. 23rd Annual General Meeting will be held on September 13, 2014 at 11.00 AM at Mahratta Chamber of Commerce Industries & Agriculture, Sumant Moolgaonkar Auditorium, Ground Floor, A Wing, MCCIA Trade Tower, Senapati Bapat Road, Pune - 411 016.
5. Subject to the approval of members in the ensuing 23rd Annual General Meeting, Employee Stock Option Scheme 2014 has been approved.
6. Subject to the approval of members in the ensuing 23rd Annual General Meeting, the Board has re-appointed Mr. Rajesh Patil as Chairman and Managing Director, Mr. Naresh Patil as Whole Time Director designated as Vice Chairman, Mr. Milind Kolte as Whole Time Director designated as Executive Director and Mrs. Sunita Kolte as Whole Time Director designated
as Executive Director.
7. The Board has approved the issue of Non-Convertible Debentures (NCDs) of Rs. 200 Crores through private placement. |
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