Mahindra Cie Automotive Limited - Announcement under Regulation 30 (LODR)-Change in Directorate

We wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has proposed to the Members of the Company, the following;

1. Re-appointment of Mr. Dhananjay Narendra Mungale and Mr. Manojkumar Madangopal Maheshwari w.e.f. 29th September, 2019 for the second term and re-appointment of Mr. Suhail Amin Nathani w.e.f. 12th December, 2019 as Independent Directors on the Board of Directors of the Company for the second term; and

2. Appointment of Mr. Kadambi Narahari, Mr. Alan Savio DSilva Picardo and Mr. Roxana Meda Inoriza as Independent Directors on the Board of Directors of the Company w.e.f. 29th September, 2019.

The term of the above Independent Directors is proposed to be for a period of 5 years or the date of Annual General Meeting following the 70th birthday of the proposed appointees whichever is earlier.

Brief Profile of the proposed appointees is enclosed herewith.

The Company would be seeking approval of the Members for the proposed appointments/re-appointments by way of postal ballot.

We wish to further inform you that Mr. Daljit Mirchandani, Ms. Neelam Deo and Mr. Juan Maria Bilbao, Independent Director of the Company, whose term expires on 28th September, 2019 have not offered themselves for re-appointment post expiry of the said term. The Board wishes to thank them for their contribution to the success of the Company during their tenure which the Board believes will enure in the future.

None of the proposed appointees are debarred from holding the office of Directors by order of SEBI or any other such authority.

None of the proposed appointees are related inter-se to any Director of the Company and none of the Directors of the Company has any concern or interest in the said proposed appointments.

Kindly acknowledge the receipt and take the same on the records.

Pdf Link: Mahindra Cie Automotive Limited - Announcement under Regulation 30 (LODR)-Change in Directorate

Source : BSE - www.bseindia.com

Published on July 19, 2019

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