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| Exchange Received Time 14/08/2019 18:10:26 Exchange Disseminated Time 14/08/2019 18:10:32 Time Taken 00:00:06 | Outcome of Board Meeting held today:
(i) Holding of Annual General Meeting on 20 September 2019
(ii) Appointment of Mr. Arjun Gupta, Managing Director also as Chairman of the Company;
(iii)Subject to approval of shareholders in forthcoming Annual General Meeting:
Re-appointment of Mr. Arjun Gupta as Chairman & Managing Director w.e.f. 1st April 2020 for three years;
Re-appointment of Mr. Arun Mitter as Independent Director w.e.f. 25 September 2019 for five years;
Re-appointment of Mr. Pawan Chopra as Independent Director w.e.f. 25 September 2019 for five years; and
Reappointment of Mrs. Anju Banerjee as Independent Director w.e.f. 25 September 2019 for five years.
(iv) Restructuring of Bank Facilities to be submitted to the Bank pursuant to RBI circular bearing no. RBI/2018-19/ 203/ DBR.No.BP.BC.45/21.04.048/2018-19 dated 7th June 2019.
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