Punjab Alkalies & Chemicals Ltd announces change in the Company's Directorate

Punjab Alkalies & Chemicals Ltd has announced changes in the Company's Directorate.

The Board approved the appointment of Shri Moneesh Kumar, PCS, as Managing Director of the Company by the Board in its meeting held on January 02, 2017, due to his nomination by Punjab State Industrial Development Corporation Limited as Director under the provisions of Article 129(a) of the Articles of Association of the Company, in place of Shri Amit Dhaka, IAS with effect from January 02, 2017.

The Board also announced the cessation of Shri Amit Dhaka, IAS as Director & Managing Director on the Board of Directors of the Company with effect from January 02, 2017 consequent upon his resignation dated January 02, 2017 due to withdrawal of his nomination by Punjab State Industrial Development Corporation Limited under the provisions of Article 129(a) of the Articles of Association of the Company w.e.f. January 02, 2017.

Shares of PUNJAB ALKALIES & CHEMICALS LTD. was last trading in BSE at Rs.14.9 as compared to the previous close of Rs. 14.72. The total number of shares traded during the day was 31772 in over 81 trades.

The stock hit an intraday high of Rs. 15.69 and intraday low of 14.5. The net turnover during the day was Rs. 477419.

Source : Equity Bulls

Keywords