IGC Announces Results of its 2020 Annual Stockholders Meeting
January 13 2021 - 6:19PM
Business Wire
India Globalization Capital, Inc. (NYSE AMERICAN: IGC) announces
that during its Annual Meeting of Shareholders scheduled for, and
convened on January 11, 2021, voting on all matters as disclosed on
the Definitive Proxy on Form 14A filed with the SEC on December 8,
2020 were passed. Only stockholders of record on the record date of
November 20, 2020, were entitled to and were being requested to
vote.
At the Annual Meeting, the following proposals were approved:
(i) the election of John E. Lynch to the Company’s Board of
Directors; (ii) the proposal to ratify Manohar Chowdhry &
Associates (“MCA”) as the Company’s independent registered public
accounting firm for the 2021 fiscal year; (iii) the grant of
2,500,000 shares of common stock to be granted from time to time to
the Company’s current and new employees, advisors, directors, and
consultants by the board of directors, pursuant to certain metrics
including performance, vesting, and incentive as set by the board
of directors and or the CEO; (iv) the compensation of the Company’s
named executive officers; (v) the frequency of say-on-pay at future
annual meetings of stockholders to every three years; and (vi) the
proposal to adjourn or postpone of the Annual Meeting to a later
date or dates, if necessary, to permit further solicitation and
vote of proxies.
About IGC
IGC has two lines of business: infrastructure and life sciences,
including hemp-derived medical cannabis/industrial hemp. The
company is based in Maryland, U.S.A. Our website:
www.igcpharma.com, www.igcinc.us. Twitter @IGCIR.
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Claudia Grimaldi 301-983-0998
IGC Pharma (AMEX:IGC)
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