Outcome of Board Meeting

| Updated on June 05, 2014 Published on June 05, 2014

Jaybharat Textiles and Real Estate Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2014, inter alia, has transacted the following business:

1. Approved Constitution of the Nomination and Remuneration Committee of the Company pursuant to provisions of Section 178 of the Companies Act, 2013.

2. Approved the constitution of the Stakeholders Relationship Committee of the Company and decided upon its scope, role, functions, powers and allied matters in compliance with applicable the provisions of sub-section (5) of Section 178 of the Companies Act, 2013.

3. Renamed the Share Transfer Investor Grievance Committee as Share Transfer Committee and revision of its scope in Line with Companies Act, 2013 and SEBI Circular dated April 17, 2014.

4. Appointed Chief Financial officer of the Company pursuant to provisions of section 203 of the Companies Act, 2013.

5. Approved Resignation of Mr. Kailash Nath Bhandari from directorship of the Company due his pre-occupation with effect from May 21, 2014.

6. Re-constituted the Audit Committee of the Company due to Resignation of Mr. Kailash Nath Bhandari and Mr. Deepak Mathur has elected as new member of the committee in place of Mr. Kailash Nath Bhandari.

7. Approved Resignation of Mr. Hanuman P. Kharwal from the post of whole-time Company secretary and Compliance officer of the Company w.e.f. June 09, 2014.

8. Approved Revision in terms of reference of the Audit Committee in terms of Section 177 of the Companies Act, 2013 and SEBI Circular dated April 17, 2014.

9. Appointed Mr. S. K. Jain & Co., Practicing Company Secretary, as the Secretarial Auditors of the Company for the Financial Year 2014-15.

10. Approved and Established Vigil Mechanism in accordance with Section 177 and SEBI Circular dated April 17, 2014.

11. Re-appointed M/S. Rajendra Singh Bhati and Co., Cost Accountants, as a Cost Auditor of the Company pursuant to the provisions of sub-section (4) of Section 148 of the Companies Act, 2013 for financial year 2014-15.

Source : BSE - www.bseindia.com

Published on June 05, 2014

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