Usha Martin Limited notifies the changes to the board’s composition that were approved by the company’s board of directors at their meeting on Thursday, April 27, 2023, in accordance with Listing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the “Listing Regulations”). These changes were based on the recommendation of the company’s Nomination and Remuneration Committee. A brief profile of the appointees was also enclosed with the intimation for recording purposes. The notification is made by Usha Martin Limited for the note of The Secretary of The BSE Limited, The Secretary of National Stock Exchange of India Ltd and Societe de la Bourse de, Luxembourg.
The intimation reports changes in the composition of the board, such as
· Re-appointment of Mr. Rajeev Jhawar [DIN: 00086164] as managing director is for a term of five years beginning on May 19, 2023
· Re-appointment of Mr. Vijay Singh Bapna [DIN: 02599024] as Independent Director (Non-Executive) for a second term of five consecutive years effective from 27th May 2023. He shall also continue to be Non Executive Chairman of the Company.
· Appointment of Mr. Sumit Kumar Modak [DIN: 00983527] as Whole Time Director for term of five years effective from 27th April 2023
· Appointment of Mr. Tapas Gangopadhyay [DIN: 10122397] as Non-Executive Director effective from 27th April 2023
· Acceptance of resignation of Mr. Devadip Bhowmik [DIN: 08656505] from the office of Whole-Time Director due to personal reasons with immediate effect
The report suggests the changes that were made by Rajeev Jhawar Usha Martin Limited which can make significant variations in the upcoming administration of the company. The industry and the company expect that these changes would bring out growth potential in the upcoming years.
Diem Press 
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