28th-Oct-2011 17:49Source: NSE

AGC Networks Limited -Updates

Agc Networks Limited had informed the Exchange that the Board of Directors of the Company, at its meeting held on October 20, 2011, approved the remuneration / terms and conditions relating to the appointment of Mr. S. K. Jha as the Managing Director & CEO of the Company (payable w.e.f. November 01, 2011 to August 30, 2015). The Company has now informed the Exchange that the Board of Directors of the Company, at its meeting held on October 20, 2011, approved the remuneration / terms and conditions relating to the appointment of Mr. S. K. Jha as the Managing Director & CEO of the Company for the period of three (3) years payable w.e.f. December 01, 2011 to November 30, 2014 (and not from November 01, 2011 to August 30, 2015 as was inadvertently mentioned).