At meeting held on 15 July 2015
Govind Rubber announced that the Board of Directors of the Company at its meeting held on 15 July 2015, inter alia, has approved the following :1. The Company has appointed Darshika R. Monani as a Non-Independent Non-Executive Director.
2. The Company has re-designated Vinod M. Poddar as a Executive Chairman subject to approval of the Members in forthcoming Annual General Meeting of the Company.
3. The Company has re-designated Rahul V. Poddar as Vice Chairman & Managing Director subject to approval of the Members in forthcoming Annual General Meeting of the Company.
4. The Company has decided to authorize Board of Directors to create charge/ security over the assets of the Company pursuant to Section 180 (1) (a) of the Companies Act, 2015 upto Rs 250.00 crores (Rupees Two Hundred Fifty Crores only), subject to the approval of the Members in the ensuing Annual General Meeting.
7. In compliance with the requirements of the Regulation 8 & Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015 read with SEBI Circular dated 11 May 2015; the Board of Directors at its Meeting held on 15 July 2015 formulated and adopted the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information which also being published on the official website of the Company.
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