Hitkari Fibres - Outcome of Board Meeting
Hitkari Fibres Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 18, 2008, inter alia, has accorded the following:
1. Mr. Deep Rastogi has appointed as a director of the Company being the new promoter
Director of the Company.
2. Mr. P Srinivasan, Mr. B S Rao & Mr. Vini Ahuja have appointed as directors of the Company.
3. The Slump sale Agreement for the sale of its Non Woven Fabric Business has executed.
4. The latest Valuation Report and Scheme of Merger of SRM Energy Pvt Ltd with the Company has taken on record.
5. The resignation received from Dr. (Mrs.) Chandni Hitkari, Director and Chairperson of the Company has approved and accepted.
6. The resignation received from Mr. Aditya Hitkari from the post of Managing Director of the Company has approved and accepted.
7. The resignation received from Dr. E K Ajit Kumar from the post of Director of the Company has approved and accepted.
8. The resignation received from Dr. Narayanan Balasubramanian from the post of Director of the Company has approved and accepted.
9. The resignation received from Mr. Inderjit Singh Sehgel from the post of Director of the Company has approved and accepted.
10. The resignation received from Mr. Mahesh Menon from the post of Director of the Company has approved and accepted.
11. M/s. Kanu Doshi & Associates, Chartered Accountants has appointed as Internal Auditors of the Company.
12. The Share Transfer and Investor Grievance Committee, Audit Committee and the Remuneration Committee reconstituted accordingly.
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