General Announcement::Outcome of Board meeting

Issuer & Securities

Issuer/ Manager
MERCATOR LIMITED
Securities
MERCATOR US$16M4.75%CB190527 - XS1072432161 - 3R0B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Nov-2014 21:30:08
Status
New
Announcement Sub Title
Outcome of Board meeting
Announcement Reference
SG141107OTHR99K1
Submitted By (Co./ Ind. Name)
Ms. Amruta Sant
Designation
Company Secretary
Effective Date and Time of the event
07/11/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform you that the Board of Directors of the Company at its meeting held today, has interalia, approved the following;

1. appointment of Mr. Shalabh Mittal as an additional Director and Joint Managing Director of the Company on the Board of Company. Appointment of Mr. Shalabh Mittal would be as Promoter/ Executive / Non Independent Director and would be subject to necessary approvals.

2. to conduct Postal Ballot in accordance with the provisions of Section 110 of the Companies Act, 2013, and Clause 22 of the Companies (Management and Administration) Rules, 2014 for obtaining the shareholders approval for the above matter.

Please acknowledge.

For conducting the Postal Ballot process in independent and transparent manner, the Board has approved appointment of Mr. Haresh Jani, Practicing Company Secretary, as Scrutinizer and has also approved other related matters. The Board has also approved to provide e-voting facility to the members, as an alternative to physical voting through postal ballot for obtaining the aforesaid approvals of the members of the Company.

Attachments

SGX_Outcome of Meeting.pdf
Total size =215K