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Outcome of Board Meeting

| Updated on May 19, 2015 Published on May 19, 2015

Kirloskar Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2015, inter alia, has approved the following:

1. Based on the recommendations of the Nomination and Remuneration Committee, Mr. Tejas Deshpande has been co-opted as an Additional Independent Director of the Company with effect from May 19, 2015.

2. Pursuant to provisions of Section 108 of the Companies Act, 2013, read with the Rules made thereunder and Clause 35B of the Listing Agreement, the Company has fixed August 21, 2015 as the cut-off date to record the entitlement of the Members to cast their vote electronically for the business to be transacted at the ensuing Annual General Meeting of the Company. The remote e-voting period commences on August 25, 2015 (9:00 am) and ends on August 27, 2015 (5:00 pm).

3. Mr. Mahesh Risbud, Company Secretary in Practice, was appointed as the scrutinizer for the e-voting for the forthcoming Annual General Meeting under Clause 35B of the Listing Agreement as required under SEBI Circular dated April 17, 2014 and the Companies (Management and Administration) Amendment Rules, 2015.

4. The Board adopted the following Codes under the SEBI (Prohibition of Insider Trading) Regulations, 2015 :-

a. Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information; and
b. Code of Conduct for Regu1atin, Monitoring and Reporting Trading by Insiders.

Pdf Link: >Outcome of Board Meeting

Source : BSE - >www.bseindia.com

Published on May 19, 2015
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