Outcome of Board Meeting

K-Lifestyle & Industries Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on May 30, 2014, inter alia, has transacted the following business:

1. Noting of the Resignation of Shri Navin Kumar Tayal from the Directorship of the Company w.e.f. February 26, 2014.

2. Noting of the Appointment of Shri Narayan Ghumatkar as an Additional Director of the Company w.e.f. February 27, 2014.

3. Approved the constitution of the “Nomination and Remuneration Committee’ of the Company pursuant to the provisions of Section 178 of the Companies Act, 2013.

4. Approved the constitution of the “Stakeholder’s Relationship Committee” of the Company pursuant to the provisions of Section 178 of the Companies Act, 2013.

5. Rename and Reconstitution of the following committee of the Board in compliance with the provisions of the Companies Act, 2013.

b) Shareholders’/Investors’ Grievance Committee as “Share Transfer Committee “.

6. Appointed Chief Financial Officer of the Company pursuant to the provisions of sub-section (1) of Section 203 of the Companies Act, 2013.

7. Appointed Shri Pradip M. Damania 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.

8. Appointment of M/s. S .K. Jain & Co. as Secretarial Auditors for the financial year 2014-15.

9. Establishment Vigil Mechanism pursuant to the requirement of the Companies Act, 2013.

Source : BSE - www.bseindia.com

Published on June 05, 2014
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