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ADI FINECHEM LTD. - Outcome of Board Meeting
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13 Feb 2015
Adi Finechem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2015, inter alia, has passed the following resolutions:&lt;BR&gt;&lt;BR&gt;1. The designation of Shri Bimal D. Parikh, Wholetime Director of the Company is proposed to be changed to Executive Director w.e.f. April 01, 2015. There will be no change in other terms and conditions including remuneration/minimum remuneration, commission on profits, tenure etc.&lt;BR&gt;&lt;BR&gt;2. The designation of Shri Hemant N. Shah, Promoter Director (non-executive) of the Company is proposed to be changed to Wholetime Director of the Company w.e.f. April 01, 2015, for a period upto the date of his retirement by rotation as Director of the Company under the provisions of the Companies Act, 2013. Further it was decided that during the first year of his tenure as Whole time Director, Shri Hemant N. Shah will not be entitled to any remuneration, perquisites and/or commission on profits.&lt;BR&gt;&lt;BR&gt;The above resolutions will be subject to approval of the members of the Company at the ensuing Annual General Meeting of the Company and further subject to such other approvals as may be required.
View all announcements for ADI FINECHEM LTD. Source: BSE India