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| Exchange Received Time 28/11/2018 19:07:56 Exchange Disseminated Time 28/11/2018 19:08:03 Time Taken 00:00:07 | This is to inform that due to some personal reasons, Mr.Devidas Mali is unable to continue as COO & Whole Time Director and hence he has submitted resignation from the services of the Company. The Board, at its meeting held on 28.11.2018 has accepted his resignation and he is relieved from the services of the Company at the cloure of office hours on 28.11.2018.
Consequent to the resignation of Mr.Devidas Mali, Mr.R.Chandrasekar, who is presently acting as Non-Executive Non Independent Director of the Company, has been appointed as Whole Time Director for a period 3 year w.e.f from 28.11.2018.
The Board, at its meeting held on 28.11.2018, has also appointed Mr.M.Rajamani and Mr.S.R.Ramakrishnan as additional Directors of the Company with immediate effect and they will hold office up to the date of next AGM. Mr.M.Rajamani will act as Independent Director for a period of 5 years w.e.f 28.11.2018 and Mr.S.R.Ramakishnan will act as Non-Executive Non-Independent Director.
The appointment of aforesaid Directors shall be subject to approval of shareholders at the ensuing AGM. The profile of the newly appointed Directors is attached for your records.
The above information may kindly be taken on record.
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