In compliance to Regulation 30 read with Schedule lll of SEBI Listing Regulations, 2015, Fredun Pharmaceuticals has informed that the Board of Directors of the company, at its meeting held on Wednesday, December 5, 2018; has considered and approved to conduct the Postal Ballot process pursuant to Section 110 of the Companies Act, 2013 for the Regularization of the term of Dr. Chandrakant K. Shah, been the Non-Executive Independent Director of the company as per Regulation 17(1A) of SEBI Listing Regulations, 2015. Rajendra R. Vaze of Rajendra & Co., Practicing Company Secretaries, Mumbai has been appointed as the Scrutinizer for conducting the Postal Ballot and E-voting process. The meeting of the Board Commenced at 3:00 PM and concluded at 04:15 PM.
The above information is a part of company’s filings submitted to BSE.
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