Prajay Engineers Syndicate Limited - Appointment

11 Oct 2022 , 01:35 AM

Prajay Engineers Syndicate Limited has informed the Exchange about appointment of Mr. Dantapally Vijaysen Reddy as Managing Director of the company w.e.f. 05-Sep-2022Sub: Intimation of Appointment/Re-Appointment of the Directors of the Company Ref: Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015Dear Sir/Madam, In continuation to our intimation dated 5 September 2022, and pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform that, based on the recommendation of the Nomination & Remuneration Committee and Board of Directors of the Company, the members in the 28th Annual General Meeting of the Company held on 30 September 2022 approved the appointment of Mr. Dantapally Vijaysen Reddy as Chairman and Managing Director of the Company for a term of 3 (Three years) w.e.f. 05-09-2022 without any remuneration. Further, we would like to inform that the abovementioned Directors are not debarred from holding the office of Director by virtue of any SEBI order or any other authority pursuant to circular number NSE/CML/2018/24 dated 20 June 2018. The details, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 along with the brief profile, are given in Annexure A to this letter.This is for your information and records.