Corporate Announcement
Security Code : 521248    Company : KITEX    
 
Outcome of Board MeetingDownload PDFDownload XBRL
  Exchange Received Time  05/07/2019 12:09:40         Exchange Disseminated Time   05/07/2019 12:09:45              Time Taken   00:00:05
Pursuant to the Regulations 17(1A) and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, we hereby inform you that Board of Directors at its meeting held today inter-alia approved:

1. the reappointment of Mr. Benni Joseph (DIN: 01219476) and Prof. E. M. Paulose (DIN: 03563106) as Independent directors of the Company for a further period of 5 years effective from January 12, 2020 and to hold office till January 11, 2025 subject to the approval of shareholders by way of Special Resolution at the ensuing Annual General Meeting and that they shall not be liable to retire by rotation during the said tenure.

2. Re-appointment of Prof. E. M. Paulose (DIN: 03563106), Independent Director of the Company who has attained the age of 75 years w.e.f. January 12, 2020 and to hold office till January 11, 2025 subject to the approval of shareholders by way of Special Resolution at the ensuing Annual General Meeting.

Brief profile of above mentioned independent directors proposed to be re-appointed are enclosed herewith.

The Board meeting commenced at 11.00 A.M. and concluded at 11:55 A.M.

Please take the above on record and acknowledge the receipt.

Thanking you,

For Kitex Garments Limited

CS. Mithun B Shenoy
Company Secretary & Compliance officer
 

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