Banas Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2011, inter alia, has discussed and approved the following:
1. The Board approved the appointment of Miss. Saloni Agrawal as Additional Director of the Company.
2. The Board has approved the re-appointment of M/s. R. Soni & Co., Chartered Accountants and fixed their remuneration as the statutory Auditor of the company subject to the approval of Members at the Annual General Meeting of the Company.
3. The Board discussed and approved the Sub division of face value of shares from Rs. 10/- to Rs. 1/- per share and alteration of Memorandum and Articles of Association in this respect subject to approval of members.
4. The Board Approved the Notice, Auditor Report and Directors Report for Annual General Meeting to be held on August 16, 2011.