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| Exchange Disseminated Time 13/02/2017 15:25:14 | Bang Overseas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2017, inter alia, has:
1. The Board has accepted the request to change the designation of Mr. Raghvendra Bang & Mr. Purshottam Bang from Whole-Time Directors To Non-Executive Directors of the Company w.e.f. March 01, 2017.
2. Board has approved Re-appointment of Mr. Brijgopal Bang as the Managing Director of the company, liable to retire by rotation, for a period of 3 years.
3. The Board has in-principal agreed to find out the suitable option for the use/development of the properties of the company located at Whitefield & Jigani, Bengaluru, by way of further construction/sale/lease/own use and in this regard Board has authorized Mr. Brijgopal Bang, Chairman & Managing Director of the Company to do all the needful for this purpose and Report to the Board in next Board Meeting or earlier.
4. To make Proposed Plans to raise capital/Funds for the future business plans of the Company and Present before the Board members in next Board Meeting. |
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