Electrotherm India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 31, 2009, inter alia, has approved the following:
1. Alteration of object clause (incidental or ancillary to the Main Object) of Memorandum of Association.
2. Giving loans or extending guarantee or providing security in excess of the limit prescribed under sub-section (1) of Section 372A.
3. Alteration of Articles of Association of the Company.
4. Re-appointment of Mr. Mukesh Bhandari as Chairman a Chief Technology Officer.
5. Re-appointment of Mr. Shailesh Bhandari as Managing Director.
6. Re-appointment of Mr. Avinash Bhandari as Joint Managing Director & Chief Executive Officer (CEO).
7. Re-appointment of Mr. Narendra Dalal as Whole Time Director.
8. Approved the process of postal ballot for approval of shareholders for Item No. 1 to 8.
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