The Board of Directors of the Company at its meeting held today, has considered and approved Scheme of Amalgamation of Binani Metals Limited with Binani Industries Limited and their respective shareholders under Sections 391 to 394 read and all other applicable provisions of the Companies Act, 1956.
The Board has appointed Mrs. Jayantika Dave as an Additional Director and Independent Director of the Company, with immediate effect.
The shareholders have approved the Special Resolution proposed vide Postal Ballot Notice dated 11th May, 2015 with requisite majority.
The Board of Directors of the Company at its meeting held today, inter alia:
The Company has dispatched Postal Ballot Notice dated 11th May, 2015 for approval of shareholders for variation in terms of contract of Mr. Sushil Bhatter, Manager of the Company.
A meeting of the Board of Directors of the Company will be held on 30th May, 2015, inter alia, to consider the Audited Annual Financial Results of the Company for the year ended 31st March, 2015 and recommend dividend, if any.
The Board of Directors of the Company at its meeting held today, approved “Code of Conduct for Prevention of Insider Trading” and also “Policy for Fair Disclosure Practices and Procedure for Disclosure of Unpublished Price Sensitive Information” pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, which will be effective from 15th May, 2015
Allotment Committee of Directors at its meeting held on 31st March, 2015, has allotted 1,20,00,000, 0.01% Non-cumulative Redeemable Preference Shares of Rs. 100/- each at par on Private Placement basis to the Promoter Company viz., M/s. Triton Trading Co. Pvt. Limited.
CPI Binani, Inc, USA, a wholly owned subsidiary of the Company has sold its majority of the assets to Core Molding Technology, lnc. thereby exited from its composite business.
The shareholders have approved the Resolutions proposed vide Postal Ballot Notice dated 30th January, 2015 with requisite majority
The Company has dispatched Postal Ballot Notice dated 30th January, 2015 for approval of shareholders of Resolutions specified therein.