Amal Ltd 2016-17

45 Item number 04 The Board of Directors (Board) appointed Mr R Kumar as an Additional Director on March 24, 2017. Subject to the approval of the Shareholders, the Board also appointed Mr R Kumar as the Managing Director for five years effective March 24, 2017; his brief résumé is given below: Name Mr R Kumar Date of Birth July 01, 1972 Brief Resume Mr R Kumar is a Managing Director of the Company with effect from March 24, 2017. Mr Kumar is a B Tech (Pulp & Paper Engineering) from IIT, Roorkee and MBA (Marketing) from IGNOU, and he has got 21 years of experience in Corporate Sector in different positions. Directorship in other companies Public companies: Nil Private companies: Nil Membership in committees of other companies Chairman of committees: Nil Member of committees: Nil Number of shares held in the Company Nil The Board, subject to approval of the Members, appointed Mr R Kumar as the Managing Director effective March 24, 2017 for a period of five years. The terms of appointment of Mr R Kumar are in accordance with applicable provisions of the Companies Act, 2013. The Board considers that his association will benefit the Company. Accordingly, the Board recommends the Resolution in relation to appointment of Mr R Kumar as the Managing Director for the approval by the Members. The remuneration payable to the Managing Director, Mr R Kumar will be reimbursable to Atul Ltd, being an employee of Atul Ltd. The amount payable will be 10% of the remuneration paid by Atul Ltd subject to a minimum of ` 11,44,500 per annum. Except Mr R Kumar, being an appointee, none of the Directors and the Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the Resolution set out at Item number 04. By Order of the Board of Directors Registered office Atul House 310-B, Veer Savarkar Marg Mumbai 400 028, Maharashtra India R Kumar April 21, 2017 Managing Director CIN : Company Identification Number CPN : Certificate of Practice Number DIN : Director Identification Number FRN : Firm Registration Number