Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns
The company has appointed Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company03-04-2023
03-04-2023
Orient Electric MD & CEO Rakesh Khanna resigns, Rajan Gupta to take over
Orient Electric Ltd on Friday announced the appointment of Rajan Gupta as its Managing Director and CEO as the incumbent Rakesh Khanna resigned after having a stint of 8 years. Orient Electric Ltd (OEL) at its meeting held on Friday appointed Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company "for a period of 5 years effective from April 04, 2023, till April 03, 2028, subject to the approval of shareholders of the company," said a regulatory filing by the C K Birla Group. While Khanna's resignation shall be effective from the close of business hours on April 03, 2023, it added. Gupta joins OEL board as a full-time director and he will be based in New Delhi. Prior to this, Gupta was with Hathway Cable and Datacom, where he was the MD and CEO, and Chairman of the Board, GTPL Hathway. OEL Chairman C K Birla said: "We are deeply committed to making Orient Electric an industry leader in fans, lighting, appliances and switchgear as we .31-03-2023
Orient Electric Ltd - 541301 - Announcement under Regulation 30 (LODR)-Change in Management
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the Board of Directors of the Company at their meeting held today appointed Mr. Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the Company for a period of 05 years effective from April 04, 2023, on the recommendation of the Nomination and Remuneration Committee, subject to the approval of the shareholders of the Company. Mr. Rajan Gupta is not debarred from holding the office of director by virtue of any order of the SEBI or any other such authority.31-03-2023
Orient Electric Ltd - 541301 - Announcement under Regulation 30 (LODR)-Resignation of Managing Director
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the Board of Directors of the Company at their meeting held today took on record the resignation of Mr. Rakesh Khanna (DIN: 00266132) as Director and from the position of Managing Director & Chief Executive Officer of the Company, to be effective from the close of business hours on April 03, 2023.31-03-2023
Orient Electric Ltd - 541301 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached a press release being issued by the Company, which is self-explanatory. You are requested to take the enclosed Press Release on your record.31-03-2023
Orient Electric Ltd - 541301 - Board Meeting Outcome for Outcome Of The Board Meeting Held On Friday, March 31, 2023
Pursuant to Regulation 30 of the Listing Regulations we wish to inform you that the Board of Directors of the Company at their meeting held today: 1. Took on record the resignation of Mr. Rakesh Khanna (DIN: 00266132) as Director and from the position of Managing Director & Chief Executive Officer of the Company, to be effective from the close of business hours on April 03, 2023. The Board placed on record its appreciation for the contribution made by Mr. Rakesh Khanna during his tenure with the Company. 2. Appointed Mr. Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the Company for a period of 05 years effective from April 04, 2023, on the recommendation of the Nomination and Remuneration Committee, subject to the approval of the shareholders of the Company. Mr. Rajan Gupta is not debarred from holding the office of director by virtue of any order of the SEBI or any other such authority.31-03-2023
Orient Electric Ltd - 541301 - Closure of Trading Window
Intimation of Closure of Trading Window.29-03-2023
Orient Electric Ltd - 541301 - Disclosure As Per Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
Pursuant to Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), we are enclosing herewith the disclosures received to the Company under Regulation 7(2)(a) of PIT Regulations, from Director / Designated Person(s) of the Company, in Form C in respect to Pledge Revocation and Sale of Equity Shares of the Company. We request you to kindly take the above disclosure on your records.29-03-2023
Orient Electric Ltd - 541301 - Disclosure As Per Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
Pursuant to Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), we are enclosing herewith the disclosures received to the Company under Regulation 7(2)(a) of PIT Regulations, from Director / Designated Person(s) of the Company, in Form C in respect to Pledge Revocation and sale of Equity Shares of the Company. We request you to kindly take the above disclosure on your records.23-03-2023
Orient Electric Cloud 3 Fan review: Quite a mist-ical experience, literally
The Orient Electric Cloud 3 is a novel pedestal fan good for spaces where coolers and air conditioners cannot be installed. It is, however, not an alternative to any of these23-03-2023