Shree Renuka Sugars Limited appoints Mr. Arun Chandra Verma as additional director

Based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of Shree Renuka Sugars Limited, through circular resolution passed on 28th March 2022, appointed Mr. Arun Chandra Verma (DIN: 06981070) as an Additional Director (Non-Executive & Independent) w.e.f. 1st April 2022 till the ensuing Annual General Meeting. Subject to shareholders' approval in the ensuing General Meeting, Mr. Verma will be appointed for a term of five years with effect from 1st April 2022. Mr. Verma is not debarred from holding the office of Director pursuant to any SEBI Order or any other authority.

Following a brilliant academic career, Sri Arun Chandra Verma joined the Indian Police Service (IPS) in 1979 and served as the chief of important districts like Bhagalpur, Jamshedpur and Dhanbad. He joined the Intelligence Bureau (IB) and opted for a posting in J&K at the height of the militancy in the state (1992-95),and won encomiums for handling sensitive assignments in the state. A highly decorated officer, Sri Verma has been awarded the Internal Security Medal, The Indian Police Meritorious Service Medal, and the President's Police Medal for Distinguished Service, besides three Commendations from the Director, IB, and the DG CISF, the force from where he superannuated in 2014. Sri Verma has worked in an advisory capacity with Maharatna organizations like ONGC, HPCL and NPCIL, and contributes regularly to the Bihar Public Service Commission, and UPSC. The Hon'ble Supreme Court of India also assigned him a sensitive matter for investigation in Himachal Pradesh, and he was made the Chairman of the Special Investigation Team.

Shares of Shree Renuka Sugars Limited was last trading in BSE at Rs. 34.10 as compared to the previous close of Rs. 35.20. The total number of shares traded during the day was 2583031 in over 5471 trades.

The stock hit an intraday high of Rs. 35.70 and intraday low of 33.90. The net turnover during the day was Rs. 89177284.00.

Source : Equity Bulls

Keywords

ShreeRenukaSugars INE087H01022 Appointment ArunChandraVarma AdditionalDirector