Board Meeting on Mar 28, 2011

| Updated on March 18, 2011 Published on March 18, 2011

Rasi Electrodes Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 28, 2011, inter alia, to consider the following matters and take suitable decisions:

1. To take on record the Notice dated March 09, 2011 received from SEBI under SEBI (Procedure for Holding Inquiry and Imposing Penalty by Adjudicating Officer), Rules, 1995, and decide on the course of action. SEBI has vide their Notice dated March 09, 2011, pointed out that certain transactions carried out by the Directors are not in compliance with SEBI (Prohibitions of Insider Trading), Regulations. 1992 and they asked to show cause why an inquiry should not be held. The Board meeting is convened to discuss the issues raised by SEBI in the cited notice and to authorize further course of action to be taken by the Company in this matter.

2. To take on record the letter dated February 07, 2011 received from SEBI and to review and revise the procedures to be put in place for prevention of insider trading and adherence to Model Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 1992. The Board will also decide on the disciplinary action to be initiated for non-adherence to the Code of Conduct under SEBI (PIT) Regulations, 1992.

Source : BSE - >www.bseindia.com

Published on March 18, 2011
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