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Outcome of board meeting of AGC Networks

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Capital Market
Last Updated : Apr 05 2018 | 9:04 PM IST

Held on 05 April 2018

The Board of AGC Networks at its meeting held on 05 April 2018 has transacted the following -

1. Considered and approved appointment of Mahua Mukherjee as Additional Director of the Company with immediate effect i.e. from 05 April, 2018.

2. Considered and approved resignation of Suparna Singh, Non-Executive Non - Independent Director of the Company from the Directorship with immediate effect i.e. from 5 April, 2018.

3. Considered and approved the extension in term of 1% Non-Cumulative Non-convertible redeemable preference shares of the Company by a period of five years.

4. Took note of the credit rating from CARE Ratings which has upgraded the rating to 'CARE BB+ and Outlook Stable" from 'CARE BB'.

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First Published: Apr 05 2018 | 8:47 PM IST

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