|
IL&FS Investment Managers announced that the changes in the composition of the Board of Directors of the Company as approved at the Board meeting held on 05 May 2015, are as follows:
1. Siddharth Mehta, Non-Executive Independent Director of the Company had vacated his office as a Director of the Company pursuant to the provisions of Section 167 of the Companies Act, 2013.
2. Ramesh C Bawa, CEO (Financial Services) of IL&FS Group will take additional charge as the Managing Director of the Company, whilst Shahzaad Dalal will cease to be the Vice-Chairman of the Company. He will however continue as a Non-Executive Director.
3. Dr. Archana Hingorani will continue in her present capacity as ED and CEO of the Company.
4. Milind Patel has been appointed as an Executive Director.
|