Held on 06 August 2015
Orient Abrasives announced that the Board of Directors of the Company at its meeting held on 06 August 2015, inter alia, has approved and took note of the following items:1. The Board of Directors has approved the shifting of Registered Office from NCT of New Delhi to State of Maharashtra, subject to shareholders and other regulatory approvals.
2. The Board of Directors accepted resignation of Manoj C Ganatra, Director of the Company w.e.f. 06 August 2015.
3. Pundarik Sanyal, Non-Executive Independent Director, has been elected as the Chairman of the Company in place of Rama Shanker Bajoria.
4. Mihir H. Devani has been appointed as an Additional Director as per Section 161(1) of the Companies Act 2013, w.e.f. 06 August 2015, and he has also been appointed as Whole Time Director u/s 196 of the Companies Act, 2013, subject to approval of shareholders in ensuing AGM.
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5. Mihir H. Devani is also nominated as a Key Managerial Personnel (KMP) of the Company as per Section 203 of the Companies Act, 2013.
6. The Board has fixed the date of AGM on 29 September 2015.
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