Held on 02 May 2014
Kalindee Rail Nirman (Engineers) announced that the Board of Directors of the Company at its meeting held on 02 May 2014, has decided to form a Committee of Directors (CoD) comprising of Shanti Narain, S K Khanna, and Hemant Kumar, Directors to review certain areas of operations with a view to improve overall management and cost effectiveness of the Company, including any possible options for restructuring, with the aim and intent of enhancing shareholders value and Improving the overall working culture / environment, in this regard, the CoD has also been authorized to engage such consultants/advisors as they deem fit and may take such support from any other director/officer/functional heads of the Company as they may deem necessary and appropriate.The CoD has also been requested to complete its study and report to the board of directors with its proposal, if any.
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