20 Jan 22 | 16:00
BALMER LAWRIE & CO.LTD.
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Announcement under Regulation 30 (LODR)-Change in Directorate |
This has reference to our earlier intimations dated 8th February, 2021 and 25th June, 2021. In this regard, this is to inform that the MoPNG, (Administrative Ministry) has vide its letter No. CA-31024/2/2020-PNG (36125) dated 3rd November, 2021 directed the Company for appointment of Shri Adika Ratna Sekhar, (DIN: 08053637) to the post of Chairman and Managing Director of Balmer Lawrie & Co. Ltd. in the scale of Rs. 1,80,000 - 3,20,000/- (revised), with effect from the date of his assumption of charge of the post till date of his superannuation i.e. 30.06.2024, or until further orders, whichever is earlier.
In view of the aforesaid direction of the Administrative Ministry:
i. Shri Adika Ratna Sekhar ceases to be Director (Human Resource & Corporate Affairs) of the Company with effect from 2nd November, 2021 (end of day).
ii. Shri Adika Ratna Sekhar has assumed the charge of Chairman and Managing Director of the Company with effect from 3rd November, 2021.
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20 Jan 22|23:05 (IST)