Rallis India informs about outcome of board meeting

04 Dec 2018

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rallis India has informed that the Board of Directors at their Meeting held on 3rd December 2018 has accepted the request of V. Shankar, Managing Director & CEO for an early retirement from the services of the company with effect from 31st March, 2019 to pursue his interest in setting up of the company's proposed ‘Centre for Sustainable Agriculture and Farm Excellence (C-SAFE)’. C-SAFE is one of the Centre's of Excellence being set up as part of the initiatives commemorating the 150 years of the Tata Group as a significant contribution to nation building; and the Board of Directors, at the same Meeting, has approved the appointment of R. Mukundan, as Managing Director & CEO of the company for a period from 3rd December, 2018 to 31st March, 2021. Mukundan is also Managing Director & CEO of the Parent Company, Tata Chemicals. Mukundan while continuing as Managing Director & CEO of Tata Chemicals will bring with him his deep understanding of the business environment and leadership skills which would be extremely useful for the company. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure 1.

The above information is a part of company’s filings submitted to BSE.

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