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Outcome of Board Meeting

| Updated on January 28, 2014 Published on January 28, 2014

Elpro International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2014, has approved the following:

1. Appointment of Mrs. Samira Rathod as an Independent Non-Executive Director of the Company with immediate effect.

2. Appointment of Mr. Madhav Srinivasan as an Executive Director of the Company with immediate effect.

3. Resignation of Mr. Suresh Savaliya, Company Secretary of the Company with immediate effect.

4. In terms of the requirements of Regulation 26(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 the Board of Directors has constituted the Independent Directors’ Committee to provide reasoned recommendation to the equity shareholders on the Voluntary Open Offer by International Conveyors Limited and R.C.A. Limited (collectively referred to as the “Acquirers”) and IGE (India) Private Limited (referred to as “Person Acting in Concert” / “PAC”). The Committee shall consist of Mr. Narayan Tulsiram Atal, and Mr. Anil Kumar Poddar and Mr. Anil Kumar Poddar shall act as the Chairman of the Committee.

Source : BSE - >www.bseindia.com

Published on January 28, 2014
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