SBEC Sugars: Outcome of board meeting

Written By Unknown on Selasa, 07 April 2015 | 18.01

SBEC Sugar at its meeting held on April 07, 2015, has approved the appointment of Mr. Shobit Nehra as Company Secretary and Compliance Officer of the Company as per Clause 47 of the Listing Agreement w.e.f. April 07, 2015.

SBEC Sugar Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 07, 2015, inter alia, has approved the following:1. To conduct the Postal Ballot Pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014, for seeking the approval of Shareholders of the Company by way of Postal Ballot on the following matters:(a) Authorization for Related Parties Transactions;(b) Creation of Charges on the Assets of the Company with respect to Borrowings and;(c) Authorization for Making Inter-Corporate loans and Investments by the Company.2. Accept the Resignation of Mr. G. C. Jain from the post of Independent Director of the Company w.e.f. April 07, 2015.3. Appointment of Mr. Shobit Nehra as Company Secretary and Compliance Officer of the Company as per Clause 47 of the Listing Agreement w.e.f. April 07, 2015.Source : BSE

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