DHANADA CORPORATION LTD. - Outcome of Board Meeting (AGM on Sept 30, 2014)
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| 14 Aug 2014 | |
| Dhanada Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2014, inter alia:<br/><br/>1. The Board decided to appoint Mr. Shreeniwas G. Kale as a Non - Executive Independent Director of the Company for a term of 5 (Five) consecutive years pursuant to the provisions of Sections 149, 152 of the Companies Act. 2013 and rules made there under read with Schedule IV and Clause 49 of the Listing Agreement, subject to the approval of shareholders in the ensuing Annual General Meeting.<br/><br/>2. The Board decided to appoint Mr. Gajanan M. Deshpande as a Non - Executive Independent Director of the Company for a term of 1 (One) year pursuant to the provisions of Sections 149, 152 of the Companies Act, 2013 and rules made there under read with Schedule IV and Clause 49 of the Listing Agreement, subject to the approval of shareholders in the ensuing Annual General Meeting.<br/><br/>3. The Board decided to increase the borrowing powers of the Company and create charge on the assets of the Company pursuant to the provisions of Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013. subject to the approval of shareholders in the ensuing Annual General Meeting.<br/><br/>4. The Board appointed Mr. R, V. Pore. Practicing Company Secretary as Secretarial Auditor of the Company pursuant to Section 204 of the Companies Act. 2013.<br/><br/>5. The Board appointed M/s. Khandelwal Jain and Co., Chartered Accountants. Aurangabad, as Internal Auditor of the Company pursuant to Section 138 of the Companies Act. 2013 and Rule 13 of the Companies (Accounts) Rules, 2014.<br/><br/>6. The Board approved the draft of Whistle Blower / Vigil Mechanism Policy for directors and employees of the Company in accordance with Companies Act, 2013 and Listing Agreement.<br/><br/>7. The Board approved the draft of Memorandum setting out terms of service for Managing Director pursuant to the provision of Section 190 of the Companies Act, 2013.<br/><br/>8. The Board decided to convene the 28th Annual General Meeting of the Company on September 30, 2014 and approved the draft of notice to be issued to the members of the Company for the said meeting.<br/><br/>9. The Board has appointed Mr. R. V. Pore. Practicing Company Secretary as Scrutinizer to conduct the process for electronic voting / voting by poll in accordance with the law and in a fair and transparent manner in respect of the items to be transacted in the ensuing Annual General Meeting. | |
| View all announcements for DHANADA CORPORATION LTD. | Source: BSE India |
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