Aksh Optifibre Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 02, 2014, inter alia, has approved the following:<br/><br/>1. Adoption of New Articles of Association of the Company, subject to shareholder's approval.<br/><br/>2. Reappointment of Mr. B. R. Rakhecha, as Director, who retires by rotation, subject to shareholder's approval.<br/><br/>3. Appointment of Mr. Narendra Kumbhat, Mr. Amrit Nath and Mr. D. K. Mathur as Independent Directors of the Company for a term of 5 (Five) years, subject to shareholder's approval.<br/><br/>4. Designation of Mr. Chetan Choudhari, Managing Director, Mr. Satyendra Gupta, CFO and Mr. Gaurav Mehta, CS, as Key Managerial Personnel of the Company.<br/><br/>5. Appointment of M/s. P. C. Bindal and Co, Chartered Accountants, as Statutory Auditors of the Company for a term of 3 (Three) years, subject to shareholder's approval.<br/><br/>6. Power to borrow money and create mortgage upto Rs. 500 crore, subject to shareholder's approval.<br/><br/>7. Director's Report, Corporate Governance report and MDA of the company for the financial year ended March 31, 2014 and<br/><br/>8. Notice of the forthcoming Annual General Meeting of the Company for the financial year 2013-2014.<br/><br/>9. Appointment of Secretarial Auditor of the Company.
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