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| Exchange Disseminated Time 27/10/2016 17:12:45 | Satra Properties India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2016, inter alia, has considered and approved the following;
Upon recommendation of the Nomination and Remuneration Committee and approval of Audit Committee, the Board has appointed Mr. Rushabh P. Satra, Additional Director (Category; Non executive) of the Company, as Chief Financial Officer and Key Managerial Personnel of the Company w.e.f October 27, 2016 pursuant to the Section 203 of the Companies Act, 2013 read with relevant rules and in accordance with the Articles of Association of the Company. Mr. Rushabh P. Satra is BBA from Kingston University, London having more than 2 years of experience in assisting the management of Satra Group in Finance functions and Project execution. Mr. Rushabh P. Satra is son of Mr. Praful N. Satra, Chairman and Managing Director of the Company.
Further, subject to the approval of shareholders at the forthcoming General Meeting, the Board upon recommendation of the Nomination and Remuneration Committee has also approved appointment of Mr. Rushabh P. Satra as Whole-Time Director w.e.f. October 27, 2016 for a period of 5 years.
Also, in terms of Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company vide its letter dated April 30, 2016 intimated about authorized persons for the purpose of determining materiality of events or information and for the purpose of making disclosure to stock exchange. |
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