Chemfab Alkalis Ltd reappoints independent directors

Based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the Members of Chemfab Alkalis Ltd in the Extraordinary General Meeting (EGM), the Board had approved the proposal for re-appointment of the Independent Directors of the Company viz. Mr. A.Janakiraman (DIN: 01831854), Mrs. Drushti Desai (DIN: 00294249) and Mrs. Sujatha Jayarajan (DIN: 00633989), for a second term of five years from 26th April, 2022 up to 25th April, 2027.

Mr. A. Janakiraman, is a graduate in B.Sc (Chemistry), B.Tech (Chem-Engg), I.I.T and has wide experience in the area of Petrochemicals. He retired as a President - New Business (Petroleum) from Reliance Industries Ltd. in January, 2010. He has worked in various capacities with Indian Oil Corporation, Herdilla Chemicals Ltd, Herdilla Polymers Ltd, Pasumai Irrigations Ltd. and Chemplast Sanmar Ltd.

Mrs. Drushti Desai is a Member of the Institute of Chartered Accountants of India with over 20 years of experience in valuation of shares, businesses and Intangibles, Advisory services on Schemes relating to Mergers, Acquisitions, Spinoffs and other forms of Corporate Restructuring and Family Settlements, Financial and Management Advice, Corporate and Individual taxation (Income-tax, Wealth-tax, Gift-tax).

Mrs. Sujatha Jayarajan is a Post Graduate in English and has over 33 years of experience in the financial sector covering Banking and NBFCs in both public and private sectors (including over 15 years in the State Bank Group). She has specialized in credit assessment as well as project analysis, and her core strengths include financial modeling and variance analysis.

Shares of Chemfab Alkalis Limited was last trading in BSE at Rs. 240.20 as compared to the previous close of Rs. 229.85. The total number of shares traded during the day was 31858 in over 1362 trades.

The stock hit an intraday high of Rs. 247.00 and intraday low of 223.00. The net turnover during the day was Rs. 7653344.00.

Source : Equity Bulls

Keywords

ChemfabAlkalis INE783X01023 Reappointment IndependentDirectors