BANCO PRODUCTS (INDIA) LTD. - Outcome of Board Meeting

Banco Products (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 14, 2014, inter alia, has approved / noted the following :<br/><br/>1. Re- appointment and remuneration of Shri. Mehul K Patel as Vice - Chairman and Managing Director of the Company w.e.f. August 01, 2014 for further period of 03 years.<br/><br/>2. Re-appointment and remuneration of Shri. Shailesh Thakker as Executive Director and CFO w.e.f. July 20, 2014 for further period of 03 years.<br/><br/>3. Noting of continuation of Shri. Vimal K Patel as Non-Executive Chairman of the Company w.e.f. August 01, 2014.