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| Exchange Disseminated Time | Stylam Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 02, 2014, the following business has been passed subject to approval of Shareholders in the Annual General Meeting of the Company schedule to be held on September 30, 2014 :
1. To receive, consider, approve and adopt the Audited Statement of Profit & Loss for the financial year ended on March 31, 2014 and Balance Sheet as at that date together with Reports of the Directors and Auditors thereon.
2. To appoint a Director in place of Mr. Satish Gupta who retires by rotation and being eligible offers himself for re-appointment.
3. To appoint M/s. Sunil K. Sood, Chartered Accountants as Statutory Auditor from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company and to authorize the Board of
Directors to fix their remuneration.
4. To appoint Ms. Usha Gupta as a Women Director u/s 149 (1) proviso & 152 (2) of companies Act, 2013.
5. To appoint Mr. Satpal Garg, Mr. Mahavir Singh & Mr. Ravinder Krishan as Independent Director as per Section 149 & 152 of the Companies Act, 2013 for a period of 5 years and as per clause 49 of Listing Agreement.
Further, the Company has informed that there has been increase in managerial remuneration of Mr. Jagdish Gupta, (Managing Director) & Mr. Satish Rai Gupta (Whole Time Director). |
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