Held on 30 March 2014
Himalya International has announced that the Board of Directors of the Company at its meeting held on 30 March 2014, has reviewed and approved as under:-Board allotted 896100 shares on conversion of warrants to Himalya International Inc. NJ, USA (Promoter Group).
The COO Mr. Dhanota reported his meeting with Ministry of Food Processing and informed that Ministry is waiting for release of funds from Finance Ministry and the amount is likely to be released in April 2014.
3. Board reviewed the ongoing projects and directed COO to implement all pending projects within first quarter of new FY 2014-15.
4. Targets for FY 2014-15 presented by COO have been taken on record and Board assured all assistance to the executive team headed by COO. Board considered & agreed in principle on the proposal submitted for a three year ESOS scheme to reward and motivate the key performers. The number of ESOS shall be restricted to 2% of the subscribed equity.
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