Universal Starch Chem Allied Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2014, has resolved the following:<br/><br/>1. Accepted the resignation of Mr. Vishwanath G. Subramanian, Independent Director from the Board of Directors of the Company with effect from May 30, 2014.<br/><br/>2. Appointed Ms. Sudha Modi as an independent Director on the Board of Directors of the Company with effect from May 30, 2014.<br/><br/>3. Constituted a Nomination and Remuneration Committee of the Board of the Directors of the Company and appointed the following directors as members of the Committee<br/><br/>i) Mr. Dev Prakash Yadava- Chairman<br/>ii) Mr. Ashok N. Kothary- Member<br/>iii) Ms. Sudha Modi- Member<br/><br/>4. Renamed the Shareholders Grievance Committee as Stakeholders Relationship Committee/ Shareholders' Grievance Committee.
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