Held on 12 May 2014
Dolphin Offshore Enterprises (India) announced that the Board of Directors of the Company at its meeting held on 12 May 2014, inter alia, have approved the resignation of Robert D Petty with effect from 30 April 2014. Also noted that Karthik Athreya who is alternate Director to Robert D Petty also cease to be Director of the Company with effect from 30 April 2014.The board also approved the revision in borrowing limit as per Section 180(1)(c) of the Companies Act, 2013 to the tune of Rs 800 crore subject to approval of shareholders.
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