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Outcome of Board Meeting

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

Sunil Hitech Engineers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2014, inter alia, has approved / transacted the following main businesses:

1. The Board has recommended the reappointment of Mr. Vijay Ratnakar Gutte. Executive Director. Mr. Sajid Ali, Independent Director and Mr. S. S. Waghamare, Independent Director of the Company who retires by rotation at the forthcoming Annual General Meeting.

2. The Board has decided to fix date of Annual General Meeting and period of Book Closure for the purpose of annual general meeting and Dividend at the next Board Meeting.

3. Mr. Vijay Ratnakar Gutte, Director (Finance) of the Company is appointed as a Chief Executive Officer of the Company in terms of Section 203 of the Companies Act, 2013 read with relevant rules thereof.

4. The Board has reconstituted the Remuneration Committee as a Nomination and Remuneration Committee and Shareholder/Investors Grievance Committee as a ‘Stakeholder Relationship Committee in terms of Section 178 of the Companies Act, 2013 read with relevant rules thereof.

5. The Board has Constituted ‘Corporate Social Responsibility Committee’ in terms of Section 135 of the Companies Act, 2013 read with relevant rules thereof.

6. The Board has approved vacation of office of Mr. Devesh Garg, Director of the Company w.e.f. March 24, 2014.

Source : BSE - www.bseindia.com

Published on June 05, 2014
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