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| Exchange Received Time 13/10/2018 13:28:10 Exchange Disseminated Time 13/10/2018 13:28:15 Time Taken 00:00:05 | Kindly take note that at a meeting of the Board of Directors of this Company held today i.e. on 13.10.2018 at 12.30 p.m. The Board approved the proposal for appointment of Shri Satpal Kumar Arora (DIN: 00061420) as non-executive independent Director on the Board of Directors with effect from 13.10.2018.
Shri Satpal Kumar Arora started his career as an Officer in a Nationalized Bank and later joined Industrial Finance Corporation of India Ltd., and rose to become the Executive Director before he joined Tourism Finance Corporation of India.
He served on the Boards of Directors of various companies as nominee director and also served as the Managing Director of IFCI Venture Capital Fund from the period 2010 to 2014. He has a Master Degree in Commerce from Delhi University and degrees from ICMA, ICSI, CAIIB from Indian Institute of Bankers besides a law degree from Delhi University. He is also qualified as an Insolvency Professional
His last assignment was as the Managing Director of Tourism Finance Corporation of India (TFCI) up to 15.05.2018.
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