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Chembond Chemicals informs resignation of chairman cum director

18 Sep 2012 Evaluate
Chembond Chemicals has now informed that the board of directors of the company at its meeting held on July 28, 2012, Dr. Vinod D. Shah, executive chairman has expressed his willingness to retire from the executive chairman of the board of the company with effect from September 08, 2012. 

Accordingly, he will also cease to be director of the company and on the recommendation of remuneration committee of the board and pursuant to the provisions of Section 314 of the Companies Act, 1956 including any other applicable provisions, if any, and subject to approval of shareholders of the company approved retirement plan for Dr. Vinod D. Shah, the retiring executive chairman and founding promoter of the company at his last drawn salary with effect from September 09, 2012 for a period of five years.

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

Chembond Mat.Techno Share Price

148.05 -0.45 (-0.30%)
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