Outcome of the meeting of the Board of Directors of the Company held on 12th May 2020.
The Company has informed BSE that the Board of Directors of the Company, at its meeting held on 12th May, 2020, has
a) approved unaudited financial results of the Company for the first quarter ended 31st March 2020; and
b) on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Ramesh Prathivadibhayankara Rajgopalan (‘Mr. P R Ramesh’) as an Independent Non-Executive Director of the Company with effect from 1st July 2020 for a term of five years. Approval of the shareholders for the appointment shall be sought at the forthcoming Annual General Meeting.
Mr. P R Ramesh, aged 65, graduated in Commerce from Osmania University, Hyderabad and is a Fellow Member of the Institute of Chartered Accountants of India. Mr P R Ramesh retired as the Director of Deloitte & Touche Assurance & Enterprise Risk Services India Private Limited on 31st March 2020. He has also served as a member of Deloitte Global Board and Deloitte Asia Pacific Board, has over 40 years of the experience and served clients in manufacturing, banking and financial services, technology, media, telecommunications, energy and resources and consumer business sectors throughout his professional career. He has been associated with various Regulatory, Professional as well as Industrial bodies. Mr. P R Ramesh has no relationship with any other directors on the Board of the Company and he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.