At its recently-held Board Meeting, Borosil Glass Works appointed Key Managerial Personnel, as well as deciding to seek approval of the shareholders at the ensuing Annual General Meeting with regards to matters involving further appointments and borrowing powers.
Borosil Glass Works announced that the Board of Directors of the company at its meeting held on 30 May 2014, inter alia, have transacted the following:
The following personnel were appointed/designated as Key Managerial Personnel:
– Shreevar Kheruka – Managing Director
- Rajesh Chaudhary – Chief Financial Officer
- Lovelina Faroz – Company Secretary;
– Appointment of M/s. Chaturvedi & Shah, Chartered Accountants as the Statutory Auditors of the company for the financial year 2014-15, in relation to provisions of the Companies Act, 2013;
– Appointment of Virendra Bhatt, Practising Company Secretary as the Secretarial Auditor of the company for the financial year 2014-15, in relation to provisions of the Companies Act, 2013.
During the same meeting, the Board decided to seek approval of the shareholders at the ensuing Annual General Meeting in respect of the following matters:
– Appointment of Utpal Kumar Mukhopadhya, Navin Kumar Kshatriya, Sukhinder Bagai and Anupa Sahney as Independent Director of the company up to 31 March 2019, as per the provisions of Section 149 of the Companies Act, 2013;
– Increase in borrowing powers of the company up to Rs 100 crore, as per the provisions of Section 160 (1)(c) of the Companies Act, 2013.