LOVABLE LINGERIE LTD. - Outcome of Board Meeting
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| 30 May 2016 | |
| Lovable Lingerie Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, have:<BR><BR>1. Confirmed that Interim Dividend of Rs. 1.50/- per Equity Share declared and paid during the year is to be treated as Final Dividend for the year.<BR><BR>2. It has approved the re-appointment of Mr. L Vinay Reddy as the Managing Director and Mr. L. Jaipal Reddy as the Whole-Time Director of the (Company for a further period of two years each after the end of their present tenure i.e. from February 01, 2017 subject to necessary approvals.<BR><BR>3. It has decided not to renew die Brand Sublicensing Agreement with "Global Merchandising" after the elapse of the term of 1 year.<BR><BR>4. It has entered into a Distributorship Agreement with Hanes Italy S.r.L (an Overseas Company of Hanes Brands group) & acquired non-exclusive third-party right to import, distribute, promote and sell certain of its products under the "Lovable" trademark within the territory of India for a period of 3 years.<BR><BR>The Board meeting commenced at 3.30p.m. and concluded at 5.30p.m. | |
| View all announcements for LOVABLE LINGERIE LTD. | Source: BSE India |
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