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Corporate Announcements

Mr. Vinayak N Bapat has decided to step down from his office as Managing Director. He will continue to attend the office till the expiry of his term and will assist the Executive Chairman in implementing assignments relating to finance and other matters such as GST, IND AS etc.,

The Board of directors has appointed Mr. Anand B Hunnur as Managing Director of the company with immediate effect. Mr. Anand B Hunnur is about 56 years of age and a Graduate Engineer from Karnataka University. He has also completed his diploma in marketing and sales management from Bharatiya Vidya Bhawan, Mumbai, and has over 32 years of experience in sales and marketing. He is with the company since November 29, 2011 and is responsible for sales and marketing. Prior to his joining this company, he worked with companies like M/s. WEG Electric (India) Private Limited and Trident Powercraft Private Limited.

Ms. Janaki Kirloskar has resigned from her office as director of the company with effect from February 11, 2017.

Mr. Shyamanta Bardoloi has been appointed as additional director on the Board effective from November 14, 2016.

Mr. Chinmoy Patnaik has been appointed as Associate Vice President – Legal & Company Secretary of the Company with effect from November 18, 2015.

This is to inform you about the sad demise of Shri. A S Lakshmanan, director of the company as on October 13, 2015.

This is to inform you that Ms. Swapna Latha, General Manager – Legal & Company Secretary has resigned from the services of the Company with effect from the close of office hours of June 30, 2015.