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| Exchange Disseminated Time 25/11/2016 18:49:28 | Hathway Cable & Datacom Ltd has informed BSE that the Board of Directors of the Company at its meeting held today i.e. November 25, 2016, inter alia, has the Board of Directors:
1. Accepted the resignation tendered by Mr. Jagdishkumar G. Pillai as Managing Director and CEO (Key Managerial Personnel) of the Company with immediate effect. He has also resigned as Director of the Company with immediate effect.
2. Approved the appointment of Mr. Rajan Gupta as Managing Director (Key Managerial Personnel) of the Company with immediate effect and remuneration payable to him subject to the consent of the shareholders of the Company by way of postal ballot.
3. Elevated Mr. Tavinderjit Panesar as the Chief Executive Officer of Video Business of the Company.
4. Approved the draft of postal ballot notice for seeking approval of shareholders under the applicable sections of the Companies Act, 2013 for appointment of Mr. Rajan Gupta as Managing Director of the Company and remuneration payable to him.
The said Meeting commenced at 3.00 pm and concluded at 6:15 pm. |
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