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Kirloskar Electric Company informs about outcome of board meeting

17 Dec 2018 Evaluate

Pursuant to the regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kirloskar Electric Company has informed that the Board of directors of the company at its meeting held today, December 17, 2018 have accorded their approval to conduct the postal ballot pursuant to the provisions of Section 110 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014, for seeking approval of members of the company by way of Postal Ballot on the approval for sale / transfer of the non-core assets of the company; approval to related party transaction; continuation of directorship of Sarosh J Ghandy (DIN: 00031237), non-executive independent director who has attained the age above 75 years; continuation of directorship of Mahendra Vellore Padmanaban (DIN: 00033270), non-executive independent director who has attained the age above 75 years; and continuation of directorship of Anil Kumar Bhandari (DIN: 00031194), non-executive independent director who will attain the age of 75 years after April 01, 2019.

The above information is a part of company's filings submitted to BSE.

Kirloskar Electric Share Price

125.45 -6.60 (-5.00%)
23-Apr-2026 16:59 View Price Chart
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