Beardsell Limited - Outcome of Board Meeting

12 Aug 2022 , 12:00 AM

Pursuant to the Regulation 30(6) read with Schedule Ill and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we hereby inform that the Board of Directors of the Company at their meeting held today ie. on 12th August 2022, based on recommendation of the Nomination and Remuneration Committee, and subject to approval of shareholders at the ensuing Annual General Meeting have approved:1) Re-appointment of Mr.Amrith Anumolu (DIN: 03044661) as Whole-time Director with the designation of Executive Director for a further term of three years with effective from 15th August 2022. 2) Appointment of Mr.Mannam Malakondaiah (DIN: 01431923) as an Independent Director for five years w.e.f 12th August 2022.Further, pursuant to the directions dated 14 June 2018 issued by SEBI to the stock exchanges and based on the declarations received, we hereby inform that Mr.Amrith Anumolu and Mr.Mannam Malakondaiah are not debarred from holding the Office of Director by virtue of any order passed by SEBI or any other such authority. Other details, as required, to be disclosed under the aforesaid Regulation 30 read with Clause 7 of Para A of Annexure- I of SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09 September, 2015 is enclosed as Annexure-A to this letter.The above information will also be made available on the Company???s website, www.beardsell.co.in Please take the aforementioned information on your record.