Last checked at 29 Mar 2017 16:15
March 29, 2017
London Stock Exchange London
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Dear Madam, Sirs,
Sub: Changes to the Board of Directors of the Company
This has reference to the above captioned subject.
The Board of Directors of the Company today, based on the recommendations of the Nomination and Remuneration Committee, unanimously approved the following:
1. Appointment of Mr. Aman Mehta as an Additional (Independent) Director of the Company as well as member of the Audit Committee effective today i.e. March 29, 2017.
2. Appointment of Mr. Deepak Kapoor as an Additional (Independent) Director of the Company effective April 1, 2017.
The profiles of Mr. Aman Mehta and Mr. Deepak Kapoor are included in the Press Release enclosed herewith.
The Board of Directors also took on record the retirement of Mr. Subodh Bhargava as an Independent Member of the Board. The retirement is effective today, i.e., March 29, 2017 and is in accordance with the retirement policy applicable to the Members of the Board.Mr. Bhargava is also the Chairman of the Audit Committee.
Consequent to the retirement of Mr. Bhargava, the Board appointed Mr. O. P. Bhatt, Independent Director, as the Chairman of the Audit Committee. The appointment is effective March 30, 2017.
This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is for your information and records.
http://www.rns-pdf.londonstockexchange.com/rns/9326A_-2017-3-29.pdf