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SUPREME INDUSTRIES LTD. - Outcome of Board Meeting
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27 Jul 2015
Supreme Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 24, 2015, inter alia, has transacted the following:&lt;BR&gt;&lt;BR&gt;1. The following decisions has taken, subject to such regulatory approvals as may be required and subject to the Members approval at the ensuing Annual General Meeting scheduled to be held on September 16, 2015:-&lt;BR&gt;&lt;BR&gt;i) Appointment of Shri Rajeev M. Pandia, as an Independent Director, for a consecutive period of five years commencing from September 16, 2015;&lt;BR&gt;&lt;BR&gt;ii) Appointment of Shri Ramanathan Kannan. as an Independent Director, for a consecutive period of five years commencing from September 16, 2015;&lt;BR&gt;&lt;BR&gt;iii) Continuation of Shri M. P. Taparia as Managing Director for the balance period of 5 years upto January 06, 2019, as required under Section 196(3) of the Companies Act, 2013;&lt;BR&gt;&lt;BR&gt;iv) Continuation of Shri S. J. Taparia as Executive Director for the balance period of 5 years upto January 06, 2019, as required under Section 196(3) of the Companies Act, 2013;&lt;BR&gt;&lt;BR&gt;v) Increase in Foreign Institutional Investors (FIIs) / Registered Foreign Portfolio Investors (RFPIs) Limit upto an aggregate limit of 30% of the paid-up Equity Share Capital of the Company.&lt;BR&gt;&lt;BR&gt;2. The current financial year of the Company shall be for a period of Nine months from July 01, 2015 to March 31, 2016 to comply with Section 2(41) of the Companies Act, 2013.
View all announcements for SUPREME INDUSTRIES LTD. Source: BSE India

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