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| Exchange Disseminated Time 21/10/2016 14:25:52 | Kirloskar Oil Engines Ltd has informed BSE that the Board of Directors in its meeting held on October 21, 2016, had considered following re-appointment of Directors:
a) The present term of Mr. Atul C. Kirloskar as the Executive Chairman ends on January 25, 2017. He has been re-appointed as a Whole Time Director with the designation as the Executive Chairman with effect from January 26, 2017 for a term of 5 years. His appointment is subject to the approval of the members of the Company in the next general meeting.
Atul C. Kirloskar and Rahul C. Kirloskar, being brothers, are related to each other. Atul C. Kirloskar and Gauri Kirloskar, being father and daughter, are related to each other.
b) The present term of Mr. Gautam A. Kulkarni as the Executive Vice Chairman ends on January 25, 2017. He has been re-appointed as a Whole Time Director with the designation as the Executive Vice Chairman with effect from January 26, 2017 for a term of 5 years. His appointment is subject to the approval of the members of the Company in the next general meeting.
Gautam A. Kulkarni and Nihal G. Kulkarni, being father and son, are related to each other.
c) The present term of Mr. Nihal G. Kulkarni as the Managing Director ends on January 25, 2017. He has been re-appointed as the Managing Director with effect from January 26, 2017 for a term of 5 years. His appointment is subject to the approval of the members of the Company in the next general meeting.
Gautam A. Kulkarni and Nihal G. Kulkarni, being father and son, are related to each other.
Further Mr. Atul C. Kirloskar, Mr. Gautam A. Kulkarni and Mr. Nihal G. Kulkarni are also reappointed as a Key Managerial Person of the Company. |
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