Held on 14 August 2014
Pacheli Enterprises announced that the Board of Directors of the Company at its meeting held on 14 August 2014, inter alia, approved the following matters :1. Appointed Richie Fredicson as Independent Director for a term of five years pursuant to section 149 of the Companies Act, 2013 & its schedule IV subject to approval of shareholders in the forthcoming Annual General Meeting.
2. Appointed Rohini Sehgal as Independent Director for a term of five years pursuant to section 149 of the Companies Act 2013 & its schedule IV subject to approval of shareholders in the forthcoming Annual General Meeting.
3. Appointed Shakil Ahmed Gulam Bilali as an Independent Director for a term of five years pursuant to section 149 of the Companies Act 2013 & its schedule IV subject to approval of shareholders in the forthcoming Annual General Meeting.
4. Appointed Amrit Laxmichand Gandhi, as Whole Time Director in the capacity as Chairman and Chief Financial Officer as Whole time Key Managerial Personnel (KMP) of the Company subject to approval of shareholders in the forthcoming Annual General Meeting.
5. Appointed Jitendra Laxmichand Gandhi, as the Whole time Director in the capacity as Managing Director and Chief Executive Officer as Whole time Key Managerial Personnel (KMP) of the Company subject to approval of shareholders in the forthcoming Annual General Meeting.
6. Appointed Kalu Shankar Kamble as Executive Director as Whole time Key Managerial Personnel (KMP) of the company subject to approval of shareholders in the forthcoming Annual General Meeting.
7. Approved alteration of AOA by way of adoption of new set of AOA in terms of various provisions of New Companies Act 2013 subject to approval of shareholders in the forthcoming Annual General Meeting.
8. The Board also approved following committee constitution from the Audit Committee and Nomination and Remuneration Committee in terms of provisions of Companies Act 2013:
a. Code of Conduct and Ethics
b. Insider Trading Policy
c. Nomination and Remuneration Policy
d. Policy on Independent Directors
e. Risk Management Policy
f. Policy on Related Party Transactions.
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