MOLD-TEK TECHNOLOGIES LTD. - Outcome of Board Meeting (AGM on Sept 30, 2014)
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| 02 Sep 2014 | |
| Mold-Tek Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 02, 2014, inter alia, has considered the following: <br/><br/>1. As per the provisions of Section 203 of the Companies Act 2013, a Whole Time Director shall not hold the office as Whole Time Director in more than one Company, Since A.Subrabmanyarn and P Venkateswara Rao are also Deputy Managing Directors in Mold-Tek Packaging Limited, in order to comply with the provision of the aforesaid section, they have submitted their resignation from the Office of Whole Time Director of the Company w.e.f. August 31, 2014. However they will be associated with the Company as a Non Executive Promoter Directors of the Company, The Board accepted the resignations and placed on record its appreciation for the services rendered by A.Subrahmanyam and P Venkateswara Rao during their tenure as Whole time Directors.<br/><br/>2. Approved the appointments of Mr P. Shyam Sunder Rao, M, Srinivas, Dr. K. Venkata Appa Rao, Dr. Surya Prakash Gulla and Mr C. Vasanth Kumar Roy, the existing Independent Directors of the Company as Independent Directors of the Company for a period of 5 years subject to approval by shareholders in the forthcoming Animal General Meeting will be held on September 30, 2014.<br/><br/>3. The existing Remuneration Committee has been renamed as Nomination and Remuneration Committee.<br/><br/>4. The existing Shareholders/Investor Grievance Committee has been renamed as Stakeholders Relationship Committee.<br/><br/>5. Established Whistle Blower policy / Vigil Mechanism for the Directors and Employees.<br/><br/>6. The Company as required under clause 35B of the listing agreement is provided electronic voting (e-voting) facility to the members through electronic voting platform of Central Depository Services Limited (CDSL). Members holding share either in physical or demat mode as on the cutoff date, i.e., August 22, 2014 may cast their votes electronically on the businesses set out in the Notice of Annual General Meeting. The e voting shall commence from 9.00 a.m on September 22, 2014 and shall end at 6.00 pm on September 24, 2014.<br/><br/>7. Appointed Ashish Kumar Gaggar, Company Secretary in Practice as Scrutinizer for conducting E Voting and voting through poll at Annual General Meeting. | |
| View all announcements for MOLD-TEK TECHNOLOGIES LTD. | Source: BSE India |
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