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Himachal Fibres Ltd. - Announcement under Regulation 30 (LODR)-Change in Directorate

| Updated on March 30, 2019 Published on March 30, 2019

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company in their Meeting held on today i.e. Saturday, 30th March, 2019, have inter-alia, transacted the following businesses:-

1. Sh. Rajan Dhawan (DIN: 00678553), Independent Director of the Company whose current term is expiring on 31st March, 2019, has conveyed his desire not to seek re-appointment as an Independent Director of the Company for the second term. Accordingly, the tenure of Sh. Rajan Dhawan as Director of the Company comes to an end on 31st March, 2019.

2. Sh. Pawan Nagpal (DIN: 02911054) has been appointed as an Additional Director (Non- Executive, Independent) as per recommendation of Nomination and Remuneration Committee on the Board of the Company w.e.f. 01st April, 2019 till the conclusion of forthcoming Annual General Meeting. Sh. Pawan Nagpal appointed as an Independent Director which is subject to approval of shareholders and the term of office shall be decided by the shareholders at the ensuing Annual General Meeting of the Company.
The brief profile and details of Sh. Pawan Nagpal as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09th September, 2015 is enclosed herewith as Annexure A.
As per SEBI circular dated 20th June, 2018, it is hereby affirmed that Sh. Pawan Nagpal is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other statutory authority/court.

3. The Board of Directors has accepted the resignation of Sh. Sanjay Singh Behal (DIN: 06566231)
as a Director of the Company w.e.f. 30th March, 2019.

Further note that Board of Directors of the Company consists 5 Directors, out of which 3 Directors are Independent after said development.

Pdf Link: Himachal Fibres Ltd. - Announcement under Regulation 30 (LODR)-Change in Directorate

Source : BSE - www.bseindia.com

Published on March 30, 2019
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