Cineline India Ltd - 532807 - Announcement under Regulation 30 (LODR)-Cessation
Pursuant to Reg 17(1A) of SEBI (Listing Obligation and Disclosure Requirements), 2015 notified vide Notification No: SEBI/LAD-NRO/GN/2018/10 dated 9th May, 2018 to be effective from 01st April, 2019, 'No Listed entity shall appoint a person or continue the directorship of any person as a non-executive directorship of any person as a non-executive director who has attained the age of Seventy Five years unless a special resolution is passed to that effect, in which case the explanatory statement annexed to the notice for such motion shall indicate the justification for appointing such a person.' Accordingly the Company was required to obtain approval of shareholders by way of Special Resolution to continue of Directorship of Mr. Kranti Sinha, Non-executive, Independent Director who have attained the age of seventy-five (75) years as on 01st April, 2019. However, no such resolution has been passed by the Company. Thus, the Company cannot continue the Directorship of Mr. Kranti Sinha.30-04-2019