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Best Eastern Hotels Ltd. - Outcome of Board Meeting

| Updated on June 29, 2019 Published on June 28, 2019

Pursuant to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulation). We wish to inform you that the Board of Directors at its meeting held on June 28, 2019 have inter-alia:

1. The Board approved the 76th Annual General Meeting to be held on 06.08.2019.

2. Approved re-appointment Mrs. Neelam Kothari as Director of the Company being eligible for re-appointment.

3. Approved re-appointment of Mr. Dilip Kothari as Joint Managing Director of the Company being eligible for re-appointment.

4. Approved re-appointment of Mr. Vinaychand Kothari as Joint Managing Director of the Company being eligible for re-appointment.

5. Approved re-appointment of Mr. Ramnik Baxi as Independent Director of the Company being eligible for re-appointment.

6. Approved re-appointment of Mr. Mangal Chheda as Independent Director of the Company being eligible for re-appointment.

7. Mr. Mehernoz Dangore, Independent Director of the Company has informed the Company about his inability to be associated with the Company due to his other commitments. Board of Director noted the resignation;the same will be effective from 01.04.2020.

8. Approved reclassification of the Authorised Share Capital of the Company from Rs. 6,00,00,000/- (Rupees six crores only) divided into 3,60,00,000 (Three crores and Sixty lakhs only) equity shares of Rs. 1/- (Rupee one only) each and 24,00,000 (Twenty four lakhs only) Redeemable Preference Shares of Rs. 10/- (Rupees ten only) each to Rs. 6,00,00,000/- (Rupees six crores only) divided into 4,80,00,000 (Four crores and eighty lakhs only) equity shares of Rs. 1/- (Rupee one only) each and 12,00,000 (Twelve Lakhs only) Redeemable Preference Shares of Rs. 10/- (Rupees ten only) each and alteration of Memorandum of Association to give effect of the same.

Pdf Link: Best Eastern Hotels Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

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Published on June 28, 2019
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