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GODAWARI POWER and ISPAT LTD. - Outcome of Board Meeting
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11 Aug 2014
Godawari Power and Ispat Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 09, 2014, inter alia, has transacted the following:&lt;br/&gt;&lt;br/&gt;1. Ms. Bhavna Govindbhai Desai has been appointed as Additional Director (Independent Woman Non-Executive Director) w.e.f. August 09, 2014, pursuant to provisions of Section 149 of Companies Act, 2013 and enabling provisions of Clause 49 of the Listing Agreement.&lt;br/&gt;&lt;br/&gt;2. The Stakeholders Relationship Committee has been reconstituted as per requirement of the provisions of amended Clause 49 of Listing Agreement and Section 178(5) of the Companies Act, 2013 by inducting Ms. Bhavna Govindbhai Desai in place of Shri Dinesh Agrawal (Executive Director), the Committee comprising of Shri B. N. Ojha as Chairman (Independent Director), Shri Dinesh Gandhi, (Non-Executive Director) as Member and Ms. Bhavna Govindbhai Desai (Independent Woman Director) as Member.&lt;br/&gt;&lt;br/&gt;3. The Board of Directors has deferred the proposal for further issue of securities.&lt;br/&gt;&lt;br/&gt;4. The Board of Directors, subject to approval of shareholders, has decided to increase the limit of borrowings of the Company from Rs. 1500 crores to Rs. 2,000 crores pursuant to Section 180 (1) (c) of the Companies Act, 2013.
View all announcements for GODAWARI POWER and ISPAT LTD. Source: BSE India