CG Power & Industrial Solutions has informed that in cognizance of the current situation being faced by the Company and the recent developments, including disclosures dated August 19, 2019 made by the Company, the Board of Directors through a circular resolution dated August 29, 2019, passed by majority consent, have resolved to remove Gautam Thapar as the Chairman of the Board with immediate effect. This decision has been taken in the interests of the Company and its stakeholders in discharge of the fiduciary responsibilities of the Board.
The above information is a part of company’s filings submitted to BSE.
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