Subject: Outcome of the Board Meeting – May 17, 2019
Scrip Code: 524727
We are pleased to inform you that:
- At the meeting of Board of Directors held on May 17, 2019, the Board of Directors has approved the Audited Annual Financial Results of the Company for the year ended on March 31, 2019
- In view of loss during the year and considering future plans of the Company, your directors do not recommend dividend for the year ended on March 31, 2019.
- Annual General Meeting of the Shareholders of the Company will be held on September 27, 2019.
- The Register of Members and Share Transfer Books of the Company will remain closed from September 17, 2019 to September 27, 2019 (both days inclusive) for the purpose of Annual General Meeting to be held on September 27, 2019.
- At the meeting, the Board approved the re-appointment of Mr. Viral P Desai as Managing Director of the Company with effect from July 01, 2019 for a further period of 3 year subject to necessary approvals, if any, required.
- The Board approved the appointment of Mr. Mitesh Rana & Co., as the Secretarial Auditor of the Company for the Financial Year 2019 – 2020.