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SAKTHI SUGARS LTD. - Outcome of the Board Meeting
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08 Aug 2015
Sakthi Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2015, inter alia, has approved the following:&lt;BR&gt;&lt;BR&gt;1. Re-appointment of Sri V.K.Swaminathan as Executive Director for a period of five years with effect from November 01, 2015, subject to the approval of banks and financial institutions, as may be applicable, members of the Company and of the Central Government.&lt;BR&gt;&lt;BR&gt;2. Entering into an Operation and Maintenance Agreement with Trishul Electric and Powergen Limited for operation of the cogeneration plants as captive power plants.&lt;BR&gt;&lt;BR&gt;3. Amendment of the Object Clause of the Memorandum of Association of the Company by adding an Object Clause to produce, import, export, buy, sell or deal in coal, charcoal, firewood or similar materials.&lt;BR&gt;&lt;BR&gt;4. Substitution of the existing Regulation of the Articles of Association of the Company with new sets of Regulations in line with the new Companies Act 2013.&lt;BR&gt;&lt;BR&gt;5. To conduct postal ballot for alteration of Object Clause of the Memorandum of Association of the Company and other matters and to have -&lt;BR&gt;&lt;BR&gt;(i) August 14, 2015 as cut-off date for the purpose of exercising voting rights.&lt;BR&gt;&lt;BR&gt;(ii) The voting period from August 20, 2015 to September 18, 2015.&lt;BR&gt;&lt;BR&gt;6. Appointment of Sri S.Baskar, as Chief Financial Officer of the Company in the place of Sri M.K.Vijayaraghavan, who has opted to resign from the post.
View all announcements for SAKTHI SUGARS LTD. Source: BSE India

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