ECE INDUSTRIES LTD. - Outcome of Board Meeting
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| 19 Jan 2015 | |
| ECE Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 19, 2015, inter alia, has decided the following:<BR><BR>1. The Board has appointed Mrs. Moulishree Gani as the Non-executive Additional Director of the Company with effect from January 19, 2015 to hold office upto the date of ensuing Annual General Meeting of the Company.<BR><BR>2. The Board has approved that out two Stock Exchanges where the equity share of the company are listed i.e. NSE & NSE, the Company shall voluntary delist its equity shares from Bombay Stock Exchange Limited (BSE) pursuant to the provisions of Regulation 6 & 7 of the SEBI (Delisting of Equity Shares) Regulations, 2009 without giving any exit opportunity to shareholders. After delisting from BSE, the equity shares of the Company will continue to remain listed on National Stock Exchange of India Limited (NSE) having nation-wide trading terminals.<BR><BR>3. The working of the Company was reviewed. It was noted by the Board that the Company's Transformer Division is under pressure due to paucity of orders and severe competitions in the range of transformers which the Company produces. This may consequently affect the turnover of the Company and its profits severally in coming quarters / year. | |
| View all announcements for ECE INDUSTRIES LTD. | Source: BSE India |
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