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Outcome of board meeting of Sunil Hitech Engineers

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Capital Market

Held on 08 February 2018

The Board of Sunil Hitech Engineers at its meeting held on 08 February 2018 has approved the following -

Appointment of Harshvardhan Kaushik as CFO of the company with effect from 08 February 2018.

Resignation of Vijay R Gutte from the office of Whole Time Director and CFO of the company with effect from 08 February 2018.

The Board noted the acquisition of 73% shares by overseas subsidiary Future Commodities and Investments of Sapphire Minmetals Corporation (SMCL), a Hong Kong registered company. SMCL is majorly into iron ore supply business (100% exports to China) and major customers are major Chineses SOE (state owned enterprises).

 

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First Published: Feb 09 2018 | 9:27 AM IST

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