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Uttam Sugar Mills informs about cessation of independent directors

26 Sep 2020 Evaluate

Uttam Sugar Mills has informed that Dr R. Vasudevan and G.S. Matta was appointed as Independent Directors on 30th December, 2015 for second term up to the conclusion of 25th Annual General Meeting of the Company. Accordingly, Dr. R. Vasudevan and G.S. Matta have ceased to be Independent Directors of the Company with effect from 25th September, 2020 from the conclusion of 25th Annual General Meeting of the Company. The company is taking necessary steps to appoint new Directors in place of retiring Directors to have the optimum combination of Directors on the Board to comply with Regulation 17 of SEBI (Listing Obligations and Disclosures Requirements), Regulations, 2015. This is in compliance of provisions of SEBI (Listing Obligations and Disclosures Requirements), Regulations, 2015.

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

Uttam Sugar Mills Share Price

246.20 -0.40 (-0.16%)
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