Held on 31 July 2014
G G Dandekar Machine Works announced that the Board of Directors of the Company at its meeting held on 31 July 2014, inter alia, has considered the following :1. Based on the recommendations of the Nomination and Remuneration Committee, Saurabh Patwardhan, Rajesh Phadke and Savita Sahasrabudhe have been co-opted as Additional Independent Directors of the Company with effect from 31 July 2014.
2. Aditi Chirmule has resigned from the directorship of the Company with effect from 31 July 2014.
3. Based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, pursuant of the provisions of Section 203 and other applicable provisions and rules of the Companies Act, 2013, the Board of Directors of the Company has approved the change in designation of Pankaj Parkhi from 'Head-Finance' to 'Chief Financial Officer' with effect from 31 July 2014.
4. Based on the recommendations of the Nomination and Remuneration Committee, pursuant of the provisions of Section 203 and other applicable provisions and rules of the Companies Act, 2013, the Board of Directors of the Company has approved the appointment of the following as the Whole time Key Managerial Personnel of the Company with effect from 31 July 2014;
a. Pranav Deshpande, Executive Director
b. Pankaj Parkhi, Chief Financial Officer
c. Saurabh Somani, Company Secretary and Compliance Officer.
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