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| Exchange Received Time 23/10/2019 16:24:13 Exchange Disseminated Time 23/10/2019 16:24:20 Time Taken 00:00:07 | 1. Pursuant to the recommendation of the Nomination and Remuneration Committee, the Board of Directors has, vide its resolution dated October 22, 2019 approved the appointment of Ms Shalini Kamath (DIN: 06993314) as an Additional and Independent Director on the Board of the Company, not liable to retire by rotation, for a term of 3 (three) years effective October 29, 2019, subject to the approval of Shareholders of the Company.
Ms Kamath is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. She does not hold any shares in the Company and is not related to any director of the Company.
2.Mr Krishna Mohan Sahni (DIN: 02103128) who was appointed as Independent Director for a term of 5 (five) years with effect from October 29, 2014 shall cease as Director on the Board effective close of business hours on October 28, 2019 upon completion of his term.
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