Outcome of Board Meeting

| Updated on February 14, 2016 Published on February 14, 2016

Bhansali Engineering Polymers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2016, inter alia, have considered / approved the following:

1. Policy for Determination of Materiality of Events.

2. Authorized Mr. B. M. Bhansali and Mr. Jayesh B. Bhansali, KMPs of Company for the purpose of determining materiality of events/information related to the activities of Company and for the purpose of making disclosures to the Stock Exchanges.

3. Policy for Preservation of Documents of Company.

4. Archival Policy related to website of Company.

5. Modification/ alteration in the definition of the existing Whistle Blower Mechanism Policy.

6. Revised Code of Conduct for Board and Senior Management.

7. Revised role of Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee.

8. Re-appointment of Mr. B. M. Bhansali as Managing Director of Company for a period of 3 years w.e.f. April 01, 2016 to March 31, 2019 at a gross remuneration of Rs. 60,00,000 per annum viz., Rs. 5,00,000 per month, subject for approval of members in ensuing Annual General Meeting of Company.

9. Ratification/ approval of Remuneration of Mr. D. N. Mishra, V.P. (Legal) & Company Secretary (viz. the Key Managerial Personnel) and Mr. Satendra Pal, Sr. V.P. (Marketing), a Senior Management Person.

10. Renewal of Leave & License Agreement with Related Parties viz., M/s. Bhansali International Private Limited and Mrs. Dhudhidevi B. Bhansali.

11. Revised Related Party Transaction Policy of Company.

Source : BSE - >www.bseindia.com

Published on February 14, 2016
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