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| Exchange Received Time 22/10/2018 13:43:39 Exchange Disseminated Time 22/10/2018 13:43:46 Time Taken 00:00:07 | The Board of Directors of the Company, at their meeting held today, has inter alia:
1. Approved the Unaudited Financial Results for the quarter ended September 30, 2018 (incorporating the impact of the Scheme from Appointed Date i.e. January 1, 2018) and taken note of the Limited Review Report issued by the Statutory Auditors of the Company;
2. Taken note of the Scheme becoming effective and fixed November 1, 2018, as the Record Date for the purpose of determining the respective equity shareholders of INA Bearings India Private Limited and LuK India Private Limited, who shall be entitled to receive equity shares of the Company pursuant to the Share Entitlement Ratio set out in Clause 5 of the Scheme; and
3. Approved revision in remuneration of Mr. Dharmesh Arora, Managing Director of the Company, subject to approval of the Shareholders.
The meeting of the Board of Directors of the Company commenced at 09:30 a.m. and concluded at 01:25 p.m.
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