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Ccl Products (India) Ltd. - Announcement under Regulation 30 (LODR)-Change in Directorate

| Updated on February 14, 2019

With reference to the above subject, we would like to inform you that the Board of Directors have today, on the recommendations of the Nomination and Remuneration Committee inter alia approved the following, subject to approval of shareholders at the ensuing Annual General Meeting of the Company:
1) Re-appointment of following Executive Directors pursuant to applicable provisions of Companies Act, 2013 read with Rules issued thereunder and SEBI Regulations:
Mr. Challa Rajendra Prasad (DIN: 00702292) to be re-appointed as Executive Chairman w.e.f 14th February, 2019 upto 31st March, 2020.
Mr. Challa Srishant (DIN: 00016035) to be re-appointed as Managing Director w.e.f 14th February, 2019 for a term of 5 years.
Mr. Bandi Mohan Krishna (DIN: 03053172) to be re-appointed as Director- Operations w.e.f 14th February, 2019 for a term of 5 years.

The above directors are part of the Promoters Group of the Company and are related to each other. They are not related to any other Directors or Key Managerial Personnel of the Company.
As the term of the Executive Directors getting completed, Nomination and Remuneration Committee recommended their re-appointment.

2) Appointment of Ms. Kulsoom Noor Saifullah (DIN: 02544686), as an Independent Director on the Board of Directors for a period of 5 years w.e.f 14th February, 2019, pursuant to applicable provisions of the Companies Act, 2013 read with the Rules issued thereunder and SEBI Regulations.
Ms. Kulsoom Noor Saifullah is not related to any of the Directors or Key Managerial Personnel or Promoters of the Company. The brief profile of Ms. Kulsoom Noor Saifullah is enclosed.




Reason for change in her designation from Non-Executive Director to Independent Director is to comply with Regulation 17 (1)(a) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as she qualifies the definition of Independent Director.

3) Appointment of Mr. Kondamudu Kasyap Sarma as Non-Executive Director of the Company w.e.f 14th February, 2019, whose office is liable to retire by rotation, pursuant to applicable provisions of the Companies Act, 2013 read with the Rules issued thereunder and SEBI Regulations.
Mr. Kondamudu Kasyap Sarma is not related to any of the Directors or Key Managerial Personnel or Promoters of the Company. The brief profile of Mr. Kondamudu Kasyap Sarma is enclosed.
Reason for change in his designation from Independent Director to Non-Executive Director is to comply with Section 152(6)(a) of the Companies Act, 2013.

In accordance with the circular issued by the Stock Exchanges dated 20th June, 2018, we hereby confirm that none of the Directors being appointed/re-appointed is debarred from holding office as a Director of the Company, by virtue of any SEBI Order or any other such authority.
This is for your information and necessary records.

Pdf Link: Ccl Products (India) Ltd. - Announcement under Regulation 30 (LODR)-Change in Directorate

Source : BSE - www.bseindia.com

Published on February 14, 2019

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