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| Exchange Received Time 28/04/2018 01:37:39 Exchange Disseminated Time 28/04/2018 01:37:49 Time Taken 00:00:10 | This is to inform you that the Board of the Company, at its adjourned meeting held on April 27, 2018, decided the following unanimously:
a. Approved the appointment of Ms. Suvalaxmi Chakraborty, Mr. Ravi Rajagopal and Mr. Indrajit Banerjee, who were recommended to be appointed as directors, by National Westminster Bank Plc as Trustee of Jupiter India Fund (as represented by Jupiter Asset Management Limited as duly authorized investment manager), East Bridge Capital Master Fund Ltd. and East Bridge Capital Master Fund I Ltd., the shareholders of Company, as Additional Directors (Independent Category) with immediate effect. Accordingly certain Board Committees were also suitably re-constituted to reflect representation of new members.
b. The reconstituted board, discussed the way forward for a possible infusion of funds / restructuring of the Company. With regards to the evaluation of binding bids, and in order to ensure a fair and transparent process and to accord equal opportunity to |
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