KWALITY LIMITED - Outcome of Board Meeting

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Kwality Limited - Outcome of Board Meeting

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12 Aug 2014
Kwality Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2014, inter alia, the following matters were discussed:<br/><br/>1. The Board of Directors discussed to re-appoint M/s P. P. Mukerjee and Associates, Chartered Accountants, as Statutory Auditors, the retiring auditors of the Company, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting.<br/><br/>2. The Board of Directors discussed and approved the appointment of Mr. Sunit Shangle as Chief Financial Officer.<br/><br/>3. The Board of Directors discussed the appointment of Mr. Arun Kumar Srivastava and Dr. Rattan Sagar Khanna as an Independent Directors as per Companies Act, 2013 subject to the approval of shareholders of the Company at the ensuing Annual General Meeting.<br/><br/>4. The Board of Directors discussed to alter the Article of Association of the Company subject to the approval of shareholders of the Company at the ensuing Annual General Meeting.<br/><br/>5. The Board of Directors discussed to appoint Mr. Sanjay Dhingra, who retires by rotation and being eligible, offers himself for re-appointment subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting.<br/><br/>6. The Board of Directors discussed and appoints M/s. Mukun Vivek and Company, Company Secretaries as scrutinizer to conduct the e-voting systems process in a fair and transparent manner and to submit the final report to the Chairman.<br/><br/>7. Pursuant to provisions of Section 180(1)(c) of the Companies Act, 2013 to recommend to the members to ratify the resolution authorising the Board of Directors of the Company to borrow money in excess of its paid up capital and free reserves.<br/><br/>8. The Board of Directors discussed and approved the reconstitution of Committees as per new Companies Act, 2013.<br/><br/>9. The Board took the note the formation of Trust in the name and style of Sahayogi Foundation to undertake its CSR activities.<br/><br/>10. The Board discussed in depth of the expansion plan which includes capex, opex, procurement, product development, R and D, Innovation, brand name, quality assurance, taking up land for Co-owned Company operated major chilling centres and launching various new products.<br/><br/>11. The Board discussed and seeks to take approval by shareholders under section 62(1) of the Companies Act, 2013.
View all announcements for Kwality Limited	Source: BSE India

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