Palco Metals has informed that the meeting of the Board of Directors of the Company is scheduled on 12/06/2021, to transact the following business: To enhance/ reset the limit of investments, Loans, Advances, Corporate Guarantee under section 186 of the Companies Act, 2013 and authorize Board to invest, to provide loans and advances, to provide corporate guarantee aggregating up to the limit of Rs 75,00,00,000 subject to further approval by members in the General meeting of the company; to consider re-appointment of Kirankumar Babulal Agrawal (DIN: 00395934) as the Managing Director of the company for a further period of 3 years subject to further approval by members in the General meeting of the company; and to approve the payment of remuneration of Rs 5,00,000 per month to Badal Kailash Naredi (Chief Financial Officer (KMP) of the company) in subsidiary Company i.e. Palco Recycle Industries subject to further approval by members in the General meeting of the company.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
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| Arfin India | 96.20 |
| Manaksia Aluminium | 36.81 |
| PG Foils | 210.00 |
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