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General Announcement::Resignation of Independent Non-Executive Director and Change...

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General Announcement::Resignation of Independent Non-Executive Director and Changes to Composition of Board Committees


Issuer & Securities


Issuer/ Manager

THAKRAL CORPORATION LTD


Securities THAKRAL CORPORATION LTD - SG1AJ2000005 - AWI


Stapled Security No


Announcement Details


Announcement Title

General Announcement


Date & Time of Broadcast 30-Dec-2015 17:34:31


Status New


Announcement Sub Title Resignation of Independent Non-Executive Director and Changes to Composition of Board Committees


Announcement Reference SG151230OTHR8C7Q


Submitted By (Co./ Ind. Name) Anil Daryanani


Designation Chief Financial Officer


Description (Please provide a detailed description of the event in the box below)


(1) Resignation of Independent Non-Executive Director and Cessation as Member of Audit and Nomination Committees, (2) Changes to the Composition of the Compensation and Nomination Committees and (3) Updated Composition of the Audit, Compensation and Nomination Committees. Please refer to attachment for details.


Attachments

ThakralCorp_Annmt_ID_Resignation_BoardCommittees_Changes_20151230.pdf Total size =13K


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30-Dec-2015


THAKRAL CORPORATION LTD

(Incorporated in the Republic of Singapore on 7 October 1993) (Company Registration No. 199306606E)


ANNOUNCEMENT


  1. RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CESSATION AS MEMBER OF AUDIT AND NOMINATION COMMITTEES


    The Board of Directors (the "Board") of Thakral Corporation Ltd (the "Company") wishes to announce that Mr. Pratap Chinnan Nambiar will resign as an Independent Non-Executive Director of the Company with effect from 31 December 2015. Following his resignation as a Director, Mr. Nambiar will also cease to be a member of the Audit and Nomination Committees of the Company.


    The Company would like to record its appreciation to Mr. Nambiar for his contribution during his tenure with the Company.


    The details and declarations of Mr. Nambiar as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited are contained in a separate announcement to be made today.


  2. CHANGES TO THE COMPOSITION OF THE COMPENSATION AND NOMINATION COMMITTEES


    The Board is also pleased to announce the following Board Committees changes effective from 1 January 2016:


    Compensation Committee


    1. Mr. Natarajan Subramaniam to be appointed as Chairman of the Company's Compensation Committee.

    2. Mr. Lee Ying Cheun to relinquish his chairmanship in the Company's Compensation Committee but remains as a member of the Compensation Committee.


      3. Nomination Committee


      1. Mr. Lee Ying Cheun to be appointed as Chairman of the Company's Nomination Committee.

      2. Mr. Natarajan Subramaniam to relinquish his chairmanship in the Company's Nomination Committee but remains as a member of the Nomination Committee.


    3. UPDATED COMPOSITION OF THE AUDIT, COMPENSATION AND NOMINATION COMMITTEES


      Following the above resignation and changes to Board Committees, the updated composition of the Audit, Compensation and Nomination Committees of the Company with effect from 1 January 2016 will be as follows:-

      Thakral Corporation Ltd Company Registration No. 199306606E Announcement - Resignation of ID & Changes to Board Committees



      Audit Committee

      1. Mr. Natarajan Subramaniam - Chairman

      2. Mr. Lee Ying Cheun - Member

      3. Mr. Dileep Nair - Member


        4. Compensation Committee

        1. Mr. Natarajan Subramaniam - Chairman

        2. Mr. Lee Ying Cheun - Member

        3. Mr. Dileep Nair - Member


        Nomination Committee

        1. Mr. Lee Ying Cheun - Chairman

        2. Mr. Natarajan Subramaniam - Member

        3. Mr. Kartar Singh Thakral (Alternate: Mr. Bikramjit Singh Thakral) - Member

        On behalf of the Board Natarajan Subramaniam

        Independent Non-Executive Chairman Singapore, 30 December 2015

      Thakral Corporation Ltd. issued this content on 2015-12-30 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-30 10:20:15 UTC

      Original Document: http://www.thakralcorp.com/news/ThakralCorp_AnnmtSG151230OTHR8C7Q_ID_Resignation_BoardCommittees_Changes_20151230.pdf