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| Exchange Received Time 14/11/2018 17:11:46 Exchange Disseminated Time 14/11/2018 17:11:53 Time Taken 00:00:07 | This is inform you that Board of Directors at its meeting held today i.e. November 14, 2018 have approved draft Notice of Postal Ballot for seeking approval of Members of the Company by way of special resolution for following:
1. Continuation of directorship of Mr. K.M. Thanawalla, Chairman (Non-Executive and Independent) who has attained the age above 75 years;
2. Commission to Mr. K.M. Thanawalla, Chairman (Non-Executive and Independent) for the financial year 2018, which may exceed fifty per cent of the total Commission payable to all the Independent Directors of the Company.
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