Held on 15 April 2015
Indo National announced that the Board of Directors of the Company at its meeting held on 15 April 2015, inter alia, has approved the following:1. Incorporation of a wholly owned subsidiary Company to carry on diversified new businesses in the areas of Defence, Aerospace and Railways.
2. To make investment in wholly owned subsidiary company within the limits specified u/s.186 of the Companies Act, 2013.
3. Resignation V.R. Gupte as Independent Director of the Company.
4. Resignation of Dr. S.A. Dave as Independent Director of the Company.
5. Reconstitution of the Audit Committee - Ramesh Rajan, Independent Director, as Chairman of Audit Committee and Lakshmi Subramanian as member of the Committee.
6. Investment in 2.5 M.W solar power project and sale of solar power to third party.
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