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Galaxy Bearings informs about outcome of board meeting

21 Aug 2023 Evaluate

Galaxy Bearings has informed that the Board of Directors of the Company has, on the recommendation of the Nomination and Remuneration Committee, re-appointed Bharatkumar Ghodasara (DIN: 00032054) as the ‘Whole-Time Director’ (WTD) categorized as Executive Director of the Company for a further period of 3 years effective from September 01, 2023. The re-appointment is subject to the approval of the Members of the company at the ensuing Annual General Meeting and subject to the provisions of the Companies Act, 2013 and other applicable laws. His present tenure as the WTD of the Company will conclude on August 31, 2023. There are no inter-se relations between Bharatkumar Ghodasara and the other members of the Board. Further, Bharatkumar Ghodasara is not debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority. Disclosure pursuant to Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed. The Board meeting commenced at 03:00 pm (IST) and concluded at 3.30 pm (IST).

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

Galaxy Bearings Share Price

983.45 -6.20 (-0.63%)
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