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S. Kumars Nationwide board reappoints chairman and managing director

01 Jun 2012 Evaluate

S Kumars Nationwide has informed that the board of directors of the company at its meeting held on May 30, 2012, has confirmed the circular resolution dated March 15, 2012, approved by directors, for the reappointment of Nitin S Kasliwal as the chairman & managing director for a further period of 5 years with effect from April 01, 2012 to March 31, 2017, subject to the approval of the Shareholders at the ensuing annual general meeting of the company.

Further the board appointed Sujeet Bhale as a nominee director of Exim Bank with effect from April 18, 2012 in place of Vinayshil Gautam (Nominee of Exim Bank).

The above information is part of company’s filing submitted to the BSE.

Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
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