Corporate News     28-Dec-16
B.L.Kashyap & Sons announces appointment of nominee director
With effect from 27 December 2016
B.L.Kashyap & Sons announced that in accordance with the Corporate Debt Restructuring (CDR) Package and the Letter of Approval (LOA) issued by CDR Empowered Group, the CDR Lenders are entitled to retain /appoint Nominee on the Board of the B.L. Kashyap and Sons limited. Accordingly, State Bank of India (SBI) the Monitoring Institution has nominated Sharad Sharma, Ex DMD of SBI as its nominee.

The Board of Directors vide resolution by circulation as per provisions of Section 175 of the Companies Act 2013 and rules made thereunder have considered and appointed Sharad Sharma as a Nominee Director with effect from 27 December 2016.

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