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Radha Madhav Corporation Ltd. - Outcome of Board Meeting

By Religare

Radha Madhav Corporation Ltd. has informed that the Board of Directors at its Meeting held on August 20, 20 15, has discussed and approved as u nder;1. Company shall raise up to 50 Crore INR through further issue of Equity Shares/ Warrants on preferential basis to Promoters and non-promoters.2. Board decided to seriously consider business opportunities in Telecom Sector after receipt of concrete written offer from Vendors.3. Newly introduced Categories like Nutraceuticals and Color Cosmetics have shown promising results in the market. Board has taken cognizance of the same.4. Company has appointed Mr. Dilip Naayak and Mr. Anand to begin spade work in Orissa and Chhattisgarh. Board has been satisfied on their Business plan and is confident of opening at least 50 Express outlets in both the states by September 30.5. Board approved to appoint Mr. Keyur Naik as new CFO of the company. 6. Mr . Anil Kantaria shall handle" Costing and Finance" in ECom business of the company7. Board has approved to appoint Independent Director Mr. YouhanMubaraki as he has wide experience during his tenure as Vice Pr esident ECS and Director of International Business Development for Appro International . He wa based in Silicon Valley USA between 1998-2007. H e has handled Client like Merc edes Benz , ANB , Intel and GE.

Story first published: Friday, August 21, 2015, 12:20 [IST]
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