JAGATJIT INDUSTRIES LTD. - 507155 - Outcome Of The Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
we wish to inform you that the Board of Directors of the Company at their meeting held today, have, inter alia, approved the followings : i. Continuation of Mr. Ravi Manchanda (DIN: 00152760) as Managing Director of the Company beyond 70 years of age in accordance with Section 196(3) of the Companies Act, 2013 and his re-appointment as Managing Director of the Company for a further period of two years w.e.f. 27th April, 2023. ii. Appointment of Mrs. Asha Saxena (DIN: 08079652) as an Additional Director (Non-Executive Non Independent). iii. Re-designation of Mrs. Sushma Sagar (DIN: 02582144) from Non-Executive Director to Non-Executive Independent Director of the Company for a period of 5 years with effect from 22.07.2022 till 21.07.2027. iv. Approval for setting up 200 KLPD Grain based Ethanol Distillery Plant at Hamira, Distt. Kapurthala, Punjab -144802.22-07-2022