The Board was informed that Ms. Shilpa Shah has resigned as Company Secretary & Compliance Officer of the Company and September 30, 2021 was her last day in the Organization. It was proposed to appoint Mr. Diwaker Shah as Company Secretary of the Company, by considering the recommendations of the Nomination & Remuneration Committee (NRC) of the Company.
The Board considered the recommendation of NRC (issued at the meeting held earlier during the day) on appointment of Mr Diwaker Shah as Company Secretary and Compliance officer of the Company and accordingly approved the appointment of new Company Secretary by passing following resolution
“RESOLVED THAT in accordance with recommendations issued by Nomination and Remuneration Committee of the Company at their meeting held on October 26, 2021, Mr Diwaker Shah (M.No A-12345) be and is hereby appointed as Secretary of the Company as per provisions contained under Section 2(24) of the Companies Act, 2013 read with provisions contained under Section 2(1)(c) of the Company Secretaries Act, 1980 on remuneration of Rs.12,00,000/- per annum.”
RESOLVED FURTHER THAT Mr Diwaker Shah, Secretary of the Company, be and is hereby designated as Key Managerial Personnel as per provisions contained under Section 203 of the Companies Act, 2013
RESOLVED FURTHER THAT Mr Diwaker Shah, Secretary of the Company, be and is hereby appointed as Compliance Officer in accordance with provisions contained under Regulation 6(1) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
The Board welcomed Mr Diwaker Shah as part of the Board team and he acknowledged the same