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Kirloskar Industries announced the following change in directorate as under -
Vinesh Kumar Jairath (holding DIN 00391684) and Ashit Parekh (holding DIN 00821577), have been co-opted as Additional Independent Directors of the Company with effect from 4 July 2017.
Pursuant to the applicable provisions of the Companies Act, 2013, the Board of Directors of the Company has approved the appointment of Mahesh Chhabria (holding DIN 00166049), as the Managing Director of the Company, for a period of 5 (five) years with effect from 4 July 2017, subject to the approval of the members of the Company. Consequently, he ceased to be an Independent Director.
The Board of Directors has also approved the appointment of Mahesh Chhabria, Managing Director of the Company, as the Key Managerial Personnel of the Company with effect from 4 July 2017.
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