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| Exchange Received Time 02/11/2018 19:13:40 Exchange Disseminated Time 02/11/2018 19:13:45 Time Taken 00:00:05 | This is to inform you that pursuant to the provisions of Section 110 and other applicable provisions, if any, of the Companies Act, 2013, the Board of Directors at its meeting held today i.e. 2nd November, 2018 have decided to seek approval of the shareholders by way of postal ballot (including voting by electronic means) for:
1.Continuance of office of Mr. Samprada Singh as Chairman Emeritus and Non-Executive Director of Company and Mr. A. M. Prasad as Independent Director of Company aged 88 and 77 respectively.
2.Payment of annual remuneration for FY 2019-2020 to Mr. Samprada Singh, Chairman Emeritus and Non-Executive Director of the Company exceeding 50% of the total annual remuneration payable to all Non-Executive Directors of the Company.
The Company has fixed 30th November, 2018 as cut-off date for ascertaining the eligibility of shareholders for dispatch of Postal Ballot Notice and voting through electronic means/physical Postal Ballot Form.
Kindly take note of the same. |
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