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L&T Technology Services Limited reappoints Mr. N Kumar as independent director

Posted On: 2021-05-04 06:03:55 (Time Zone: UTC)


Based on recommendation of Nomination & Remuneration Committee, the board of directors of L&T Technology Services Limited at its meeting held on May 3, 2021, have approved the re-appointment of Mr. Narayanan Kumar (DIN: 00007848) as the Independent Director of the Company for a further period of three years and seven months with effect from July 15, 2021 upto and including January 14, 2025, subject to the approval of the shareholders.

N Kumar is Vice Chairman of The Sanmar Group (www.sanmargroup.com), a multinational US $ 1 billion conglomerate headquartered in Chennai, India with manufacturing facilities in India, Mexico and Egypt. The Group is engaged in key business sectors - Chemicals (including Speciality Chemicals), Engineering (Products and Steel Castings) and Shipping.

N Kumar is the Honorary Consul General of Greece in Chennai. As a spokesman of Industry and Trade, he is a former President of Confederation of Indian Industry (CII) and has participated in other apex bodies. He is also the Chairman of the Indo-Japan Chamber of Commerce & Industry.

N Kumar is on the Board of various public companies and carries with him over four decades of experience in the spheres of Electronics, Telecommunications, Chemicals, Engineering, Technology, Education, Management and Finance.

N Kumar has a wide range of public interests going beyond the confines of corporate management in areas of health, social welfare, education and sports. He is the Managing Trustee of The Indian Education Trust (www.srisankaraschools.org) that runs two schools in Chennai. He is also the President of Bala Mandir Kamaraj Trust, Chairman of Madhuram Narayanan Centre for Exceptional Children and a Trustee of WWF-India (World Wide Fund for Nature - India).

N Kumar is an Electronics Engineering Graduate from Anna University, Chennai and a fellow member of the Indian National Academy of Engineering. He is also a fellow life member of The Institution of Electronics and Telecommunication Engineers and The Institute of Electrical and Electronics Engineers, Inc., New York (IEEE).

Shares of L&T Technology Services Ltd was last trading in BSE at Rs.2798 as compared to the previous close of Rs. 2730.35. The total number of shares traded during the day was 36012 in over 3831 trades.

The stock hit an intraday high of Rs. 2817.6 and intraday low of 2640.6. The net turnover during the day was Rs. 100307995.


Source: Equity Bulls

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