MFL India has informed that the Board of Directors of the Company at its meeting held on September 04, 2015, has considered the re-appointment of Sudhir Kumar Sharma, Devendra Manchanda and Palkuzhil Verghese Mohan as an Independent Directors/ Director, re-appointment of Am & Associates. Chartered Accountants as the Statutory Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of next Annual General Meeting of the Company, considered the matter to make alteration in the object clause of Memorandum of Association, decided to increase borrowing power from 250 crores to 500 crores, shareholder approve for extension of Remuneration of Director Ani Thukral and Sheetal Thukral, decided to increase the Authorised Share Capital from 370,000,000 to 510,000,000, 21 days clear notice has been issued to the Shareholder for the AGM, and decided to appoint Nitin Grover, Practicing Company Secretaries as the scrutinizers for the e-voting process.
The above information is a part of company’s filings submitted to BSE.
