BGR ENERGY SYSTEMS LIMITED
443 ANNA SALAI, TEYNAMPET, CHENNAI 600018 INDIA TEL: 91 44 24301000, 24374000, FAX: 91 44 24360576 Web site: www.bgrcorp.com
May 14, 2024 | |
National Stock Exchange of India Limited | BSE Limited |
Listing Department | Department of Corporate Services |
Exchange Plaza, Bandra Kurla Complex, | PJ Towers, Dalal Street, |
Bandra (E), Mumbai - 400 051 | Fort, Mumbai - 400 001 |
NSE Symbol: BGRENERGY | BSE Scrip: 532930 |
Dear Sir/Madam, |
Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Directors
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ('SEBI Listing Regulations'), we wish to inform you that the Board of Directors of the Company at its meeting held today (i.e) Tuesday, May 14, 2024, has approved the appointment of the following directors with immediate effect, subject to the approval of the shareholders, which shall be sought separately:
-
Mr. SADASIVAM DEIVANAYAGAM (DIN: 07622466) as an Additional Director
(Category: Non-Executive, Independent Director) of the Company. - Mr. KRISHNAMOORTHI MEYYANATHAN (DIN: 07845698) as an Additional
Director (Category: Non-Executive, Independent Director) of the Company. - Mr. SURILISUBBU VASUDEVAN (DIN: 10388399) as an Additional Director
(Category: Non-Executive, Independent Director) of the Company. - Mr. JEYAKRISHNA GANESAN (DIN:03208035) as an Additional Director (Category: Executive, Non-IndependentDirector) of the Company.
We hereby confirm that the aforesaid Independent directors satisfy the criteria of independence prescribed under the Companies Act, 2013 and SEBI Listing Regulations. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, it is confirmed that the directors are not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other such authority.
The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, is given as "Annexure I".
…2
REGISTERED OFFICE:
A-5 PANNAMGADU INDUSTRIAL ESTATE, RAMAPURAM POST, SULURPET TALUK, NELLORE DISTRICT, ANDHRA PRADESH 524401 INDIA.
TEL: 91 44 27948249, 27948549
Corporate Identity Number: L40106AP1985PLC005318
:: 2 ::
Further, the Board has approved and reconstituted the composition of Audit Committee, Nomination and Remuneration Committee and Stakeholder Relationship Committee as follows:
Audit Committee
Name of Committee members | Category of directors | |
Mr. Sadasivam Deivanayagam | Non-Executive Independent Director - Chairman | |
Mr. Krishnamoorthi Meyyanathan | Non-Executive Independent Director - Member | |
Mr. Surilisubbu Vasudevan | Non-Executive Independent Director - Member | |
Mr. Arjun Govind Raghupathy | Executive Non-Independent Director - Member | |
Nomination and Remuneration Committee | ||
Name of Committee members | Category of directors | |
Mr. Sadasivam Deivanayagam | Non-Executive Independent Director - Chairman | |
Mr. Krishnamoorthi Meyyanathan | Non-Executive Independent Director - Member | |
Mrs. Sasikala Raghupathy | Non-ExecutiveNon-Independent Director - Member | |
Stakeholder Relationship Committee | ||
Name of Committee members | Category of directors | |
Mr. Sadasivam Deivanayagam | Non-Executive Independent Director - Chairman | |
Mr. Arjun Govind Raghupathy | Executive Non-Independent Director - Member | |
Mr. Jeyakrishna Ganesan | Executive Non-Independent Director - Member | |
Corporate Social Responsibility Committee | ||
Name of Committee members | Category of directors | |
Mrs. Sasikala Raghupathy | Non-ExecutiveNon-Independent Director - Chairperson | |
Mr.Surilisubbu Vasudevan | Non-Executive Independent Director - Member | |
Mr. Arjun Govind Raghupathy | Executive Non-Independent Director - Member |
The board of directors meeting commenced at 11.00 a.m. and concluded at 12 Noon.
Kindly take the above information on record and acknowledge.
Thanking You,
Yours truly,
For BGR Energy Systems Limited
RAGHUPATHY ARJUN GOVIND
Digitally signed by
RAGHUPATHY ARJUN GOVIND
Date: 2024.05.14 12:01:29 +05'30'
Arjun Govind Raghupathy Managing Director
ANNEXURE - I
Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:
1. Mr. SADASIVAM DEIVANAYAGAM
Sl. No. | Particulars | Details | ||||||||
1. | Name of the Director | Mr. SADASIVAM DEIVANAYAGAM | ||||||||
2. | Reason | for | change | Mr. | SADASIVAM | DEIVANAYAGAM | (DIN: | |||
viz., appointment, | 07622466) is appointed as an Additional | |||||||||
resignation, removal, death | Director | (Category: | Non-Executive | |||||||
or otherwise | Independent Director), subject to the approval | |||||||||
of the shareholders of the Company. | ||||||||||
3. | Date of appointment | The appointment is effective from May 14, 2024. | ||||||||
Term of appointment | One (1) year i.e., from May 14, 2024, to May | |||||||||
13, 2025. | ||||||||||
4. | Brief profile | Mr. | SADASIVAM | DEIVANAYAGAM | (DIN: | |||||
07622466) aged 63 years, holds B. Com degree | ||||||||||
from Madras University, Chennai. He is a | ||||||||||
Chartered Accountant, Company Secretary & | ||||||||||
Cost Accountant and holds membership in | ||||||||||
ICAI, ICSI, ICMAI & CMA, IMA, USA. | ||||||||||
He has handled Finance, Accounts, Taxations, | ||||||||||
Consolidation of Multi-company's financials, all | ||||||||||
kind of Company Secretarial Activities, | ||||||||||
corporate | governance, | Compliance, | reverse | |||||||
merger and amalgamation, Sick company | ||||||||||
revival, MIS, Strategic and Business Plan, | ||||||||||
leadership, | working | Capital | Management | |||||||
(Inventories, Customers, Suppliers, Bank and | ||||||||||
Payroll), Cash Flow | Management, | Internal | ||||||||
audits and Treasury operation and Arranging | ||||||||||
both long term and short term finance, Fund | ||||||||||
raising, financing of new projects and | ||||||||||
finalization of year end accounts. | ||||||||||
Disclosure | of | relationships | Mr. SADASIVAM DEIVANAYAGAM is not related | |||||||
5. | between directors | to any Director or Key Managerial Personnel | ||||||||
(KMP) of the Company. | ||||||||||
2. Mr. KRISHNAMOORTHI MEYYANATHAN
Sl. No. | Particulars | Details |
1. | Name of the Director | Mr. KRISHNAMOORTHI MEYYANATHAN |
2. | Reason for change | Mr. KRISHNAMOORTHI MEYYANATHAN (DIN: |
viz., appointment, | 07845698) is appointed as an Additional Director | |
resignation, removal, | (Category: Non-Executive and Independent | |
death or otherwise | Director) to hold the office subject to the | |
approval of the shareholders. | ||
3. | Date of appointment | The appointment is effective from May 14, 2024. |
Term of appointment | One (1) year i.e., from May 14, 2024, to May | |
13, 2025. | ||
4. | Brief profile | Mr. KRISHNAMOORTHI MEYYANATHAN (DIN: |
07845698) aged 72 years holds degree B.G.L. | ||
from Madurai Kamarajar University. He is a | ||
Company Secretary, a Fellow Member of the | ||
Institute of Company Secretaries of India, New | ||
Delhi. | ||
He is one of the senior Practicing Company | ||
Secretaries in Chennai carrying on the practice | ||
for the past 14 years after about 30 years of | ||
experience in employment in reputed State | ||
Government Public Sector Undertakings (Tamil | ||
Nadu Cements Corporation Ltd, TAPCO, AAVIN) | ||
in various capacities and retired as Senior | ||
Company Secretary (DGM cadre) in January | ||
2010. His experience during employment and | ||
practice is in various fields such as Secretarial, | ||
Accounts, finance and banking, administration, | ||
budgeting and control, inventory control, | ||
general administration and management. | ||
Disclosure of relationships | Mr. KRISHNAMOORTHI MEYYANATHAN is not | |
5. | between directors | related to any Director or Key Managerial |
Personnel (KMP) of the Company. | ||
3. Mr. SURILISUBBU VASUDEVAN
Sl. No. | Particulars | Details | |
1. | Name of the Director | Mr. SURILISUBBU VASUDEVAN | |
2. | Reason for | change | Mr. SURILISUBBU VASUDEVAN (DIN: 10388399) is |
viz. appointment, | appointed as an Additional Director (Category: Non- | ||
resignation, removal, | Executive and Independent Director) to hold the office | ||
death or otherwise | subject to the approval of the shareholders. | ||
3. | Date of appointment | The appointment is effective from May 14, 2024. | |
Term of appointment | One (1) year i.e., from May 14, 2024, to May 13, 2025. | ||
4. | Brief profile | Mr. SURILISUBBU VASUDEVAN (DIN: 10388399)is a | |
Fellow Member of the Institute of company secretaries of | |||
India, holds a Post Graduate degree in Commerce and is | |||
a Chartered Financial Analyst (CFA). He also holds a | |||
L.L.B. Degree and a Post Graduate in Law - M.L | |||
(International Law and Constitution) from The | |||
Department of Legal Studies, University of Madras. He is | |||
currently pursuing a PhD (Corporate Restructuring - | |||
Mergers and Acquisitions) from Vels University, Chennai. | |||
He has an Overall Managerial Experience spread over | |||
three Decades with the first fourteen years being spent | |||
in core accounting and MIS in the Middle management | |||
Cadre, 25 years post qualification experience in leading | |||
textile Mills and Garment manufacturing Units, Steel and | |||
power Plants, and service industries, IT infrastructure | |||
companies with focus on end to end Finance and | |||
Accounts and Secretarial management. He has also | |||
handled activities relating to imports and exports | |||
&Understanding of all aspects governing operational and | |||
production activities and up to date knowledge on | |||
regulations/ guidelines and statutory compliances in the | |||
industry. He further explored Sourcing of Finance from | |||
Banks and institutions right from identification of banks | |||
to disbursement including preparation of proposals, | |||
project reports, Appraisal reports, loan documentation, | |||
follow up for disbursement and submission of periodical | |||
returns to banks, IPO Management, Venture capital and | |||
Private Equity, Debt Restructuring, DRT/SARFAESI/ | |||
Dealing with senior Advocates for conducting cases in | |||
High Court/NCLT. | |||
Disclosure of | Mr. SURILISUBBU VASUDEVAN is not related to any | ||
5. | relationships between | Director or Key Managerial Personnel (KMP) of the | |
directors | Company. |
4. Mr. JEYAKRISHNA GANESAN
Sl. No. | Particulars | Details | ||||
1. | Name of the Director | Mr. JEYAKRISHNA GANESAN | ||||
2. | Reason for | change viz., | Mr. | JEYAKRISHNA | GANESAN | (DIN: |
appointment, resignation, | 03208035) is appointed as an Additional | |||||
removal, death or otherwise | Director (Category: Executive and Non- | |||||
Independent Director) to hold the office | ||||||
subject to the approval of the shareholders. | ||||||
3. | Date of appointment | The appointment is effective from May 14, | ||||
2024. | ||||||
Term of appointment | Not Applicable. | |||||
4. | Brief profile | Mr. | JEYAKRISHNA | GANESAN | (DIN: | |
03208035) aged about 59 years, Graduated | ||||||
in Business Administration from Madurai | ||||||
Kamaraj University in the year 1985; has a | ||||||
Post Graduate Diploma in Personnel | ||||||
Management & Industrial Relations from | ||||||
Annamalai University in the year 1987. | ||||||
He was working in Manali Petrochemicals Ltd | ||||||
& SPIC Electric Power Corporation Ltd, both | ||||||
SPIC group for 11 years and was holding | ||||||
various positions. | ||||||
Mr. Jeyakrishna Ganesan is a HR Professional | ||||||
having more than 3 decades of experience; | ||||||
He is with BGR for the last 20+ years. | ||||||
Currently he is holding the position of | ||||||
President -HR. | ||||||
Disclosure of relationships | Mr. JEYAKRISHNA GANESAN is not a relative | |||||
5. | between directors | to any Director or Key Managerial Personnel | ||||
(KMP) of the Company. | ||||||
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BGR Energy Systems Limited published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 06:56:02 UTC.