Shree Renuka Sugars appoints Arun Chandra Verma as Additional Director; Stock gains 2%

29 Mar 2022 , 03:12 PM

Shree Renuka Sugars Ltd has informed that based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors, on March 28, 2022, appointed Arun Chandra Verma as an Additional Director (Non-Executive & Independent) w.e.f. April 01, 2022 till the ensuing Annual General Meeting. Subject to shareholders’ approval in the ensuing General Meeting, Verma will be appointed for a term of five years with effect from April 01, 2022. 

Following a brilliant academic career, Arun Chandra Verma joined the Indian Police Service (IPS) in 1979 and served as the chief of important districts like Bhagalpur, Jamshedpur and Dhanbad. He joined the Intelligence Bureau (IB) and opted for a posting in J&K at the height of the militancy in the state (1992- 95),and won encomiums for handling sensitive assignments in the state.

A highly decorated officer, Verma has been awarded the Internal Security Medal, The Indian Police Meritorious Service Medal, and the President’s Police Medal for Distinguished Service, besides three Commendations from the Director, IB, and the DG CISF, the force from where he superannuated in 2014.

Verma has worked in an advisory capacity with Maharatna organizations like ONGC, HPCL and NPCIL, and contributes regularly to the Bihar Public Service Commission, and UPSC. The Hon’ble Supreme Court of India also assigned him a sensitive matter for investigation in Himachal Pradesh, and he was made the Chairman of the Special Investigation Team.

At around 3:12 PM, Shree Renuka Sugars was trading at Rs34.80 apiece up by Rs0.7 or 2.05% on the BSE.