NCL Industries Ltd board reappoints MD, Joint MD and CFO

The Board of directors of NCL Industries Ltd at its meeting held on January 4, 2021 has approved the proposal to reappoint MD, Joint MD and CFO.

On the recommendation of the nomination & remuneration committee, the Board approved the proposal to reappoint Mr.K.Ravi as Managing Director of the Company for a period of 5 years with effect from 1st January, 2021. Mr. Ravi is one of the promoter directors of the company and has been associated with the company since inception and having more than four decades of experience in Cement and Building materials industry.

On the recommendation of the nomination & remuneration committee, the Board approved the proposal to elevate Mr.K.Gautam, as Joint Managing Director w.e.f. 1st January, 2021 for a period of 5 years. Mr. K. Gautam (39 years)is BBM (Hons)from ICFAI, Hyderabadand M.Sc (Entrepreneurship and Business Management) from University of Bedfordshire, UK. Mr. K. Gautam has been the Executive Director of the company from August 1, 2009.

On the recommendation of the nomination & remuneration committee, the Board approved the proposal to reappoint Mr.N G V S G Prasad as Executive Director & CFO of the Company for a period of 5 years with effect from 1st January, 2021. Mr. Prasad has been the Executive Direct & CFO of the company from May 30, 2016. He is a graduate in Commerce and Fellow member of the Institute of Chartered Accountants of India and having over 30 years rich experience in both public and private sector undertakings.

Shares of NCL INDUSTRIES LTD. was last trading in BSE at Rs.149.55 as compared to the previous close of Rs. 147.55. The total number of shares traded during the day was 46870 in over 836 trades.

The stock hit an intraday high of Rs. 152 and intraday low of 146.5. The net turnover during the day was Rs. 6999068.

Source : Equity Bulls

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