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Grindwell Norton: Announcement under Regulation 30 (LODR)-Change in Directorate


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Based on the recommendation of NRC the BoD at its meeting held today has appointed Mr. Santhanam (Director Identification No. 00494806) as an Additional Director of the Company w.e.f. February 4 2020. Pursuant to sub-section (1) of Section 161 of the Companies Act 2013 Mr. Santhanam will hold office up to the date of next AGM of the Company.The BoD of the Company has noted and taken on record the retirement of Mr. Anand Mahajan Managing Director of the Company with effect from April 1 2020.Consequent to the retirement of Mr. Anand Mahajan Managing Director of the Company and based on the recommendation of the NRC the BoD at its meeting held today has also appointed Mr. Santhanam as MD of the Company for a period of five (5) years w.e.f. April 1 2020 subject to the approval of the Members at the next AGM of the Company.The Company has received necessary disclosures from him regarding his appointment as a Director. He is not debarred or disqualified for the said appointment.

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