With the objective of furthering its strategic goals, the Board of Directors of the Company at its meeting held today has, on the recommendation of the Nomination & Remuneration Committee, approved the promotion and re-designation of Shri Anant Bajaj, as the Managing Director of the Company w.e.f. June 1, 2018, for the remainder of his five years term and revised his remuneration with effect from that date, subject to the approval of the Members in the Annual General Meeting.
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