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| Exchange Received Time 20/02/2018 18:25:49 Exchange Disseminated Time 20/02/2018 18:25:56 Time Taken 00:00:07 | This is to inform you that the Board of Directors of the Company ('the Board') at its meeting held today, i.e 20th February, 2018 (which commenced at 4.30 p.m. and concluded at 5.05 p.m.), on the recommendation of Nomination and Remuneration Committee in its meeting held today, approved the appointment of Shri Rajeev Beotra as Chief Executive Officer and Key Managerial Personnel u/s 203 of the Companies Act, 2013 (KMP) of the Company w.e.f. 1st March, 2018. Shri Priyavrat Bhartia, Managing Director, was designated as KMP, by the Board of Directors in its meeting held on 11th January, 2018 consequent upon resignation of Shri Vivek Khanna (then CEO & KMP).
With the appointment of Shri Rajeev Beotra as CEO and KMP as mentioned above, Shri Priyavrat Bhartia shall cease to be KMP w.e.f. 28th February, 2018 (closing business hours). However, Shri Priyavrat Bhartia shall continue to occupy the office of Managing Director, as hitherto
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