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India Nippon Electricals informs about clarification on non-debarment of director

10 Aug 2021 Evaluate

In continuation to letter dated August 7, 2021 wherein the company had informed about the appointment of Jakob Ruemmler and the proposal to appoint Kiyoyasu Kawakami, both under the category of non-executive non-independent Directors, India Nippon Electricals has informed that as per the requirement of SEBI Letter dated June 14,2018 read along with NSE and BSE Circular dated June 20, 2018 the Board of Directors and its Nomination and Remuneration Committee while considering the proposals had verified that the said persons are not debarred from holding the office of director pursuant to any SEBI order. Accordingly, the company has affirmed that Jakob Ruemmler and Kiyoyasu Kawakami are not debarred from holding the office of director by virtue of any SEBI order.

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

India Nipon Electric Share Price

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