Outcome of Board Meeting

K M Sugar Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2015, inter alia, has approved the followings:-

1. Approved of changes in Articles of Association as per the new Companies Act, 2013 subject to the approval by Share Holders in the Annual General Meeting;

2. Approved the existing borrowing limits and creation of charge on the Assets of the Company in compliance of section 180 (1) (c) and (a) of the Companies Act,2013 subject to the approval by Share Holders in the Annual General Meeting;

3. Approved the investments limit, give guarantee and give loan in compliance of section i86of the Companies Act,2013 subject to the approval by Share Holders in the Annual General Meeting;

4. Appointment of Mr. H. P. Singhania, Mr. S. K. Gupta, Mr. R. Shukla and Dr. Dirti Singh as Independent Directors for a period of 5 years and not liable to retire by rotation in compliance of new Companies Act, 2013 and subject to the approval by Share Holders in the Annual General Meeting ;

5. Reviewed the performance of the Company for the quarter ended June 30, 2015;

6. Reviewed Related parties transactions;

7. Review the progress to the compliance of CPCB direction for Zero Liquid Discharged by the Distilleries;

Source : BSE - >www.bseindia.com

Published on August 11, 2015
TOPICS

Related

This article is closed for comments.
Please Email the Editor