At meeting held on 02 May 2016
Pokarna announced that based on the recommendation of the Nomination & Remuneration Committee and pursuant to the provisions of Sections 196, 203 and other applicable provisions and rules of the Companies Act, 2013, the Board of Directors of the Company, vide resolution passed in their meeting held on 02 May 2016 has approved the elevation (i.e. appointment) of Rahul Jain, as the Managing Director of the Company, with immediate effect.The aforesaid appointment is subject to the approval, consents, permissions, sanctions and the like of the Members of the Company and all other concerned statutory and other authorities, if and to the extent applicable and required.
Prior to this, Rahul Jain was holding the position of Executive Director of the Company.
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