SRF appointed Ashish Bharat Ram as Chairman and Managing Director from April 1

29 Mar 2022 , 08:48 AM

SRF Ltd said in the regulatory filing on Monday that its board has approved the appointment of Ashish Bharat Ram as Chairman and Managing Director with effect from April 1, 2022.

Also, the Board also decided to re-designate Mr. Kartik Bharat Ram as Joint Managing Director of the Company with effect from April 1, 2022 subject to shareholder’s approval in the forthcoming Annual General Meeting.

“This is further to our letter dated January 26, 2022 wherein appointment of Mr. Vellayan Subbiah as the Chairman of the Board of Directors with effect from April 1, 2022 was intimated to the stock exchanges,” the company said in the regulatory filing.

SEBI has, vide its notification dated March 22, 2022, amended the Listing Regulations to make the requirement of separate posts of Chairperson and Managing Director or CEO as voluntary, SRF added.

“Keeping in view the above changes in the Listing Regulations, the Board in its meeting held today approved the appointment of Mr. Ashish Bharat Ram as Chairman and Managing Director from April 1, 2022 subject to shareholders approval in the forthcoming Annual General Meeting. Further, the Board also decided to re-designate Mr. Kartik Bharat Ram as Joint Managing Director of the Company with effect from April 1, 2022 subject to shareholders approval in the forthcoming Annual General Meeting,” the company said.