KSIDC has withdrawn the nomination of their current Nominee Director, Shri. Hari Krishnan R, IRTS, Executive Director (DIN:10762540) resulting in vacation of his office as a Director from ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kerala State Industrial Development Corporation Limited (KSIDC) has withdrawn the nomination of Shri. Hari Krishnan R (DIN: 10762540) as its Nominee Director on the board of Cochin Minerals and Rutile Limited, causing him to vacate his directorship. In his place, KSIDC has nominated Shri. Rajesh Jacob, Dy. General Manager & CCO (DIN: 06443594), as the new Nominee Director. The change will be formally taken up for consideration at the company's next Board Meeting, in compliance with the Companies Act, 2013 and SEBI Regulations.
This is a routine substitution of a nominee director by KSIDC, an institutional shareholder. There is no change in the company's management or operations, and shareholders should not expect any material impact on the stock price or business.