A meeting of Board of Directors will be convened on 21st January, 2016 to consider, inter alia, the financial results for the third quarter ended 31st December, 2015
The shareholders at the 52nd Annual General Meeting held on 19th December, 2015, approved all the Resolutions specified in the Notice dated 24th October, 2015, except Resolution No.2 for declaration of dividend. The promoters voted against the Resolution No.2 as the Company did not received necessary approvals from lenders.
The public shareholders have approved the Scheme of Amalgamation at the Postal Ballot Process conducted vide Postal Ballot Notice dated 14th October, 2015 in terms of SEBI Circular on mergers. The Shareholders also approved the Scheme of Amalgamation at the Court Convened Meeting held on 23rd November, 2015 with requisite majority.
The Board of Directors of the Company at its meeting held today, inter alia:
The Court Convened Meeting of Equity Shareholders will be held on 23rd November, 2015 for approval of the Scheme of Amalgamation of Binani Metals Ltd into the Company. The approval of public shareholders is also sought on the said Scheme of Amalgamation through Postal Ballot Process in terms of SEBI Circular on mergers. The Company has completed the dispatch of notice dated 14th October, 2015 on 19th October, 2015.
A meeting of Board of Directors will be convened on 24th October, 2015 to consider, inter alia, the unaudited financial results for the second quarter and half year ended 30th September, 2015.
The Board of Directors of the Company at its meeting held today, has approved the unaudited financial results of the Company for the first quarter ended 30th June, 2015.
A meeting of Board of Directors will be convened on 27th July, 2015 to consider, inter alia, the unaudited financial results for the first quarter ended 30th June, 2015
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.