K&R Rail Engineering Limited announced that pursuant to recommendation of the Nomination and Remuneration Committee, appointed Mr. Mirza Mohammed Baig as an Additional Directors (Non-Executive Non- Independent) capacity of the Company. Their appointment shall take effect from June 15, 2022. Furthermore, based on the recommendation of Nomination & Remuneration Committee, approved the Change in Designation of Mr. Rabindra Kumar Barik from Non- Executive Non Independent Director to Non-Executive Independent Director on the Board of the Company for a period of 5 Years with effect from 15 June, 2022 pursuant to applicable provisions of the
Companies Act, 2013 read with the Rules issued thereunder and SEBI Regulations, subject to approval of shareholders at the upcoming Annual General Meeting of the Company. It is also informed that Ramakrishna Chebiyam, has tendered his resignations as Independent Directors of the Company with effect from June 13, 2022. Mirza Mohammed Baig is a Post Graduate and brings the experience of 5 years in construction industry and with a track record of building diverse teams, driving growth, and leading change and transformation. His association with the company will undoubtedly prove to be an advantage to organization. Prior to this he was associated with Unirail as Vice President- Marketing. His expertise would an asset for the Company as he would prove to be an accomplished team leader, mentor and motivator with excellent administrative capabilities. Mr. Rabindra Kumar Barik, aged 62 years and is a Post Graduate. He brings the vast experience of more than 12 years with a track record of building diverse teams, driving growth, and leading change and transformation. His association with the company will undoubtedly prove to be an advantage to organization. Prior to this he has worked as General Manager - at Alcazar Mall. His expertise would an asset for the Company as he would prove to be an accomplished team leader, mentor and motivator with excellent administrative capabilities.