In terms of the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Elecon Engineering Company has informed that pursuant to Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018, the Board of Directors of the Company passed a Circular Resolution today i.e. 22nd August, 2018, and approved the continuation of Jal R. Patel as an Independent Director of the Company till the completion of his present term i.e. up to 31st March, 2019 and his re-appointment for a further period of 3 years commencing from 1st April, 2019 on the existing terms and conditions subject to the approval of the shareholders. Brief Profile of Jal Patel: Jal Patel is a qualified Chartered Accountant from ICAI & Company Secretary from ICSI. He was associated with the German FAG group of Bearing companies since 1962 where he handled various managerial functions. His areas of expertise include Finance, Accounts and Administration. Jal Patel is not related to any Director of the Company.
The above information is a part of company’s filings submitted to BSE.
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