Outcome of board meeting of Captain Polyplast

Held on 09 January 2015

Captain Polyplast announced that the Board of Directors of the Company at its meeting held on 09 January 2015, has considered the following businesses:

1. The Board of Directors of the Company has considered the recommendation of Nomination and Remuneration Committee of granting options to the employees under "Captain Polyplast Employee Stock Option Plan, 2014" and recommends grant of options to the employees based on the eligibility as may be decided by the Nomination and Remuneration Committee of the Board of Directors of the Company subject to necessary approval of the Members of the Company in their forthcoming Extra Ordinary General Meeting.

2. Change in designation of the Additional Director Pravinbhai Paghadar appointed on Board of the Company on 03 December 2014 under section 161 of the Companies Act 2013 as Non Executive Independent Director subject to necessary approval of the Members of the Company in their forthcoming Extraordinary General Meeting.

3. The Extra Ordinary General Meeting of the Company will be held on 05 February 2015.

4. The Company has considered names of Members whose names appear in Register of Members/list of Beneficial Owners as on 02 January 2015 will be entitled to vote on the Resolutions set forth in the Notice.

5. The Company has appointed Kishor Dudhatra, Practicing Company Secretary as Scrutinizer for the purpose of e-voting to take place before the Extra Ordinary General Meeting.

Powered by Capital Market - Live News