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| Exchange Disseminated Time | Bajaj Steel Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 07, 2014, inter alia, has considered and approved the following :
1. Re-appointment of Shri Vinod Kumar Bajaj, Director of the Company who retires by rotation at the ensuring AGM, offer himself & eligible for re-appointment at the ensuring AGM and Board has recommended the same to the members at the ensuing AGM.
2. Appointment of Existing Independent Directors of the Company for a first term of 5 (Five) years in accordance with new provision contained in Section 149 of the Companies Act, 2013 and recommend the same to the members at the ensuing AGM for approval of Members;
3. Recommend to the members at the ensuing AGM for Adoption of New set of Articles of Association of the Company containing regulations in conformity with the Companies Act, 2013;
4. Recommend to the members at the ensuing AGM, the enhancement of the Borrowing Limits of the Company from Rs. 150.00 Crores to Rs. 250.00 Crores and authorization for creation of charges in favour of the Banks from time to time towards security of the financial assistance;
5. E-voting process/system/mechanism for ensuing AGM purpose as per SEBI Guidelines and ratification of E-Voting arrangements entered into by the Company with CDSL, Mumbai and Registrar & Transfer Agent of the Company.
6. Appointment of Scrutinizer Mr. Sanjay Agrawal, Chartered Accountants for the purpose of declaration of result of E-voting process/mechanism and matters thereof. |
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