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Advanced Enzyme Technologies announced that the Board of Directors of the Company at its meeting held on 14 February 2017, (commenced at 11.00 A.M. and concluded at 1.00 P.M.) inter alia, has approved the following:
1. Prabal Bordiya, existing Company Secretary and Compliance Officer has been deputed as Company Secretary of JC Biotech, a Subsidiary Company with effect from 13 February 2017. In his place Sanjay Basantani is appointment as ‘Company Secretary & Head Legal' and ‘Compliance Officer' of the Company with effect from 14 February 2017.
2. Subject to approval of the shareholders of the Company and other statutory / regulatory approvals: (a) Sub-Division of face value of share capital of the Company from existing Rs. 10 (Rupees Ten) per share to Rs. 2 (Rupees Two) per share and consequent alteration in capital clause of Memorandum of Association of the Company.
3. Proposal to obtain approval of shareholders of the Company through Postal Ballot for (a) the business matters as mentioned in point (2) above; and (b) grant of stock options under the existing Employees Stock Option Scheme 2015 to the employees of subsidiaries of the Company.
4. Employees Stock Option Scheme (ESOP) Scheme through Trust Route - The Board of Directors decided to defer this business item.
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