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Outcome of board meeting of Metropoli Overseas

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Capital Market

Held on 29 May 2015

Metropoli Overseas announced that the Board of Directors of the Company at its meeting held on 29 May 2015 approved the following -

Appointed A K Mohta as Chairman of the Board.

Accepted resignation of Amarnath Singh from the Board.

Inducted Pramod Kedia and Somnath Ganguly as Additional Directors.

Appointed K P P Nair as CEO of the Company.

Decided to convert part of its secured and unsecured loans into preference shares in due course of time.

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First Published: May 29 2015 | 5:54 PM IST

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