Igarashi Motors India has informed that K K Nohria (DIN 00060015), Chairman & Non Executive, Non-Independent Director in line with his letter dated May 25, 2020, has conveyed his decision to resign from the Board of Directors of the Company with effect from June 05, 2020, post successful association with the Board over two decades, due to succession plan and being nominated as Chairman Emeritus of the Company. The Board of Directors at their meeting held today, June 04,2020, have accepted the resignation of K K Nohria as a Chairman and Director with effect from June 05, 2020. Also, the Board of Directors approved appointment of K K Nohria as 'Chairman Emeritus' from October 01, 2020 subject to the approval of shareholders for amendment of Articles of Association. At the same meeting, the Board of Directors of the Company has appointed Hemant M Nerurkar [DIN 00265887], Independent & Non-Executive Director as Chairman of the Board with effect from June 05, 2020.
The above information is a part of company’s filings submitted to BSE.
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