GV Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 24, 2014, inter alia, has approved and considered the following:<br/><br/>1. Regularization of Mr. Sudhakar Shetty, Additional Director of the Company as the Director.<br/><br/>2. Regularization of Mr. Sushil Shrinivas Shetty, Additional Director of the Company as an Independent Director.<br/><br/>3. Regularization of Mr. Shushant Shrinivas Shetty, Additional Director of the Company as an Independent Director.<br/><br/>4. Appointment of Mr. Dinesh Mohan Naik as an Additional Director of the Company under Section 161 of the Companies Act, 2013.<br/><br/>5. Appointment of Mr. Shivkumar Bhanupratap as an Additional Director of the Company under Section 161 of the Companies Act, 2013.<br/><br/>6. Resignation of Mr. Nambi Rajan Yadav from Directorship of the Company as per Section 168 of the Companies Act, 2013.<br/><br/>7. Not considering the re-appointment of Director Mr. A.Venkatramani, who retires by rotation, due his disqualification as per section 164 of the Companies Act, 2013.<br/><br/>8. Related Party Transactions (RTP) of the Company for the Year ended March 31, 2014 and noted the ongoing Related Party Transactions for Financial Year 2014-15 as per Section 188 of the Companies Act, 2013.<br/><br/>9. Widen the scope of Audit Committee as per Section 177 of the Companies Act, 2013, to adopt vigil mechanism and adopt whistle blower policy of the Company.<br/><br/>10. Renaming of existing Remuneration Committee as Nomination and Remuneration Committee to comply with the provision under Section 178 of the Companies Act, 2013.<br/><br/>11. Renaming of existing Shareholders/Investors Grievance Committee as Stakeholders Relationship Committee to comply with the provision under Section 178 of the Companies Act, 2013.<br/><br/>12. Convening the General Meeting of the Shareholders of the Company for the approval of the Scheme of Capital Reduction between the Company and its Shareholders.
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