Tata Steel shareholders approve appointments of Independent Directors

28 Mar 2022 , 11:40 AM

Tata Steel Limited shareholders by way of Postal Ballot have approved the appointment of Farida Khambata, David W. Crane and re-appointment of Deepak Kapoor as Independent Director(s) of the Company.

Based on the recommendation of the Nomination and Remuneration Committee (NRC), the Board of Directors of the Company had considered and recommended the following for approval of shareholders through postal ballot:

a. Appointment of Farida Khambata as an Independent Director for first term commencing August 12, 2021 through December 10, 2024,
b. Appointment of David W. Crane as an Independent Director for first term commencing October 11, 2021 through October 10, 2026, and
c. Re-appointment of Deepak Kapoor as an Independent Director for a second term of 5 years effective April 1, 2022 through March 31, 2027.

“The Shareholders of the Company, by way of Postal Ballot, have today i.e., March 25, 2022, approved the appointment of Ms. Khambata, Mr. Crane and re-appointment of Mr. Kapoor as Independent Director(s) of the Company,” company said in a filing on Friday.

At around 11.42 am, Tata Steel Ltd was trading at Rs1,337 apiece down by Rs1.85 or 0.14% from its previous closing of Rs1,338.85 apiece on the BSE.