LYKA LABS LTD. - 500259 - Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company at its meeting held on 12th February, 2019; 1. Appointed Mr. Kunal N Gandhi (DIN No: 01516156) as Joint Managing Director with effect from 12th February, 2019 for the term of five years (who is currently acting as 'Chief Executive Officer) subject to shareholders approval in the next general meeting and such other approvals as may be required to be obtained pursuant to Sections 196, 197 and Schedule V of the Companies Act, 2013 before obtaining the approval of shareholders at the next general meeting. Brief profile of Mr. Kunal Gandhi: Mr. Kunal N. Gandhi has done Master of Science from Lancaster University, Lancaster, U.K. He was appointed as Vice President - Business Development of the Company since April 2010. On 1st January, 2016, the company appointed him as Chief Executive Officer (CEO). Considering the valuable contribution made by him towards the business, the Board of Directors appointed him as Joint Managing Director along with his current designation as Chief Executive Officer. 2. Re-appointment of Mr. Narendra I Gandhi (DIN NO: 00021530) as Managing Director for the further period of five years with effect from 1st April, 2019, whose current tenure is completing on 31st March, 2019 subject to shareholders approval in the next general meeting and such other approvals as may be required to be obtained pursuant to Sections 196, 197 and Schedule V of the Companies Act, 2013 before...13-02-2019