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| Exchange Received Time 28/09/2019 12:50:59 Exchange Disseminated Time 28/09/2019 12:51:04 Time Taken 00:00:05 | Based on the recommendations of the Nomination & Remuneration Committee of the Company and pursuant to the approval and recommendations of the core committee of the lenders of the Company constituted pursuant to the inter-creditor agreement executed amongst certain lenders of the Company in terms of the 7 June 2019 circular issued by the Reserve Bank of India, the Board of Directors of the Company at their meeting held today i.e. on Saturday, 28th September, 2019, which commenced at 12.00 noon IST and concluded at 12.45 p.m. IST, approved the appointment of Mr. Vaijinath M. Gavarshetty as the Chief Executive Officer and Key Managerial Personnel of the Company w.e.f. 1st October, 2019 as per the provisions of the Companies Act, 2013.
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