AUTOLINE INDUSTRIES LTD. - Outcome of Board Meeting

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AUTOLINE INDUSTRIES LTD. - Outcome of Board Meeting

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01 Sep 2014
Autoline Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 30, 2014, have:<br/><br/>1. Considered proposals received with regard to disposal of assets / disinvestment of stock / shares of Company's Wholly Owned subsidiary - Autoline Industrie Inc., USA. and "In principally" accepted the proposal received in this regard. Further the Board authorised the Executive Committee to negotiate and finalise the terms and conditions of transaction documents for the proposal.<br/><br/>2. Accepted resignation tendered by Mr. Ravindra E. Ketkar from the post of Chief Financial Officer w.e.f. August 31, 2014.<br/><br/>3. Appointed Mr. Ratanlal T. Goel as a Chief Financial Officer w.e.f. September 01, 2014 pursuant to Section 2 (51) of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rule, 2014.<br/><br/>The Trading Window for dealing in securities of the Company will therefore remain closed till further notice as per the Company's policy and procedure on Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 1992 as amended from time to time.<br/><br/>Accordingly all the Designated Employees (including Directors) of the Company have been intimated not to enter into any transactions involving the securities of the Company during the aforesaid period of Trading Window closure.
View all announcements for AUTOLINE INDUSTRIES LTD.	Source: BSE India

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