Held on 19 May 2015
Kirloskar Industries announced that the Board of Directors of the Company at its meeting held on 19 May 2015, inter alia, has approved the following:1. Based on the recommendations of the Nomination and Remuneration Committee, Tejas Deshpande has been co-opted as an Additional Independent Director of the Company with effect from 19 May 2015.
2. Pursuant to provisions of Section 108 of the Companies Act, 2013, read with the Rules made thereunder and Clause 35B of the Listing Agreement, the Company has fixed August 21, 2015 as the cut-off date to record the entitlement of the Members to cast their vote electronically for the business to be transacted at the ensuing Annual General Meeting of the Company. The remote e-voting period commences on 25 August 2015 (9:00 am) and ends on 27 August 2015 (5:00 pm).
3. Mahesh Risbud, Company Secretary in Practice, was appointed as the scrutinizer for the e-voting for the forthcoming Annual General Meeting under Clause 35B of the Listing Agreement as required under SEBI Circular dated 17 April 2014 and the Companies (Management and Administration) Amendment Rules, 2015.
4. The Board adopted the following Codes under the SEBI (Prohibition of Insider Trading) Regulations, 2015 :-
a. Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information; and
b. Code of Conduct for Regu1atin, Monitoring and Reporting Trading by Insiders.
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