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| Exchange Received Time 23/08/2019 18:47:57 Exchange Disseminated Time 23/08/2019 18:48:02 Time Taken 00:00:05 | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors at its meeting held on Friday, 23rd August, 2019 has approved re-appointment of following directors, subject to approval of the members:
1.Re-appointment of Dr. Murali K. Divi (DIN: 00005040) as Managing Director of the Company for a period of 5 years with effect from 10th October 2019; and
2.Re-appointment of Mr. N.V. Ramana (DIN: 00005031) as Executive Director of the Company for a period of 5 years with effect from 26th December, 2019.
Dr. Murali K. Divi is related Mr. Madhusudana Rao Divi, Mr. Kiran S Divi and Ms. Nilima Motaparti, Whole-time Directors of the Company. Mr. N.V. Ramana is not related to any directors of the Company.The Board decided to seek the approval of the Members of the Company by way of Postal Ballot in respect of the said re-appointments.
Brief profile of Directors is enclosed as Annexure-I.
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