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| Exchange Received Time 10/08/2018 18:55:13 Exchange Disseminated Time 10/08/2018 18:55:15 Time Taken 00:00:02 | The Board of Directors in its meeting held today at 10th August, 2018 and concluded at 6:45 P.M., considered the agenda items and approved the following:
1. The un-audited financial results for the quarter ended 30th June, 2018.
2. The 116th Annual General Meeting of the Company will be held on 26th September, 2018.
3. Register of Members and Share Transfer books of the Company for the purpose of 116th Annual General Meeting will remain closed from Thursday, 20th September 2018 to Wednesday, 26th September 2018 (both days inclusive).
4. Induction of Mr. Ashok Kumar Gupta (DIN: 01722395) as Non-Executive Vice-Chairman cum Additional Director of the Company in the category of Non-Independent Non-Executive Director w.e.f 10th August, 2018.
Mr. Ashok Kumar Gupta holds a Master's degree in Physics and completed his PGDBA. He is an industry veteran with over three decades of experience in working at leadership positions at reputed organisations including SAIL, Jindal Industries, Surya Roshni etc. He is presently the Managing Director of APL Apollo Tubes Limited. He worked as Whole Time Director in Jindal Stainless (Hisar) Limited.
5. Update on the proposed Rights Issue:
The Company has filed draft letter of offer with Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).
The draft letter of offer in respect of the proposed Rights Issue has been approved by BSE and NSE. The Company is awaiting approval of SEBI in respect of the same.
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