Vaibhav Global Ltd - Outcome of Board Meeting
| < Back | |
| 21 May 2015 | |
| Vaibhav Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2015, inter alia, has transacted the following:<BR><BR>1. Dividend:<BR><BR>- The Companies (Amendment) Bill, 2014 (which is passed by both Houses of Parliament) puts certain restriction on payment of dividend. In view of this, no final dividend has been proposed by the Board.<BR><BR>2. Resignation of Group Chief Financial Officer (CFO):<BR><BR>- Mr. Hemant Sultania, Group CFO has resigned from the Company and will be relieved from his duties w.e.f. July 27, 2015. The Board has accepted and placed on record its deep appreciation of the high quality work put in by Mr. Hemant Sultania during his tenure.<BR><BR>Further, in view of the valuable contribution of Mr. Hemant Sultania, to the Company during his tenure, the Board of Directors wishes that Mr. Sultania should continue his association with the Company and after deliberation, Board of Directors decided to induct Mr. Hemant Sultania as a Non - Executive and Non - Independent Director, subject to the consent of the Shareholders in the ensuing Annual General Meeting (AGM). | |
| View all announcements for Vaibhav Global Ltd | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback