Kakatiya Cement Sugar and Industries : Resignationkvr
June 01, 2023 at 07:31 am EDT
Share
REF:KCSIL:SEC:2023:
June 1, 2023
1.
BSE Limited
2. The Manager,
Phiroze Jeejeebhoy Towers
Listing Department,
Dalal Street
National Stock Exchange of India Ltd.,
MUMBAI - 400 001.
Exchange Plaza, 5th Floor,
Plot No.C/1, G Block,
Bandra-Kurla Complex, Bandra (E),
MUMBAI - 400 051.
Dear Sir,
Sub
: Intimation of resignation of Independent Director of the Company.
Ref
: Scrip Code : 500234 (BSE) / KAKATCEM (NSE)
Pursuant to the provisions of Regulation 30 read with Para A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Company hereby informs you that Shri K Venkat Rao (DIN: 06566627), an Independent Director of the Company, has vide his letter dated June 1, 2023, tendered his resignation with effect from June 1, 2023 and requested the Board of Directors to take note his resignation.
The resignation letter with the detailed reasons for the resignation is enclosed herewith as Annexure B. Shri K Venkat Rao (DIN: 06566627) has confirmed vide his letter dated June 1, 2023 that there are no other material reasons for his resignation than those mentioned in his resignation letter.
The disclosures, as required under Schedule III ‐ Para A(7B) of Part A of the Listing Regulations read with SEBI Circular No CIR/CFD/CMD/4/2015 dated 9th September 2015, are given in "Annexure A" attached to this letter.
This information is also being uploaded in the Company's website at www.kakatiyacements.com/Corporate Info/Corporate News/resignationkvr.
This is for your information and record.
Thanking you, Yours faithfully,
for Kakatiya Cement Sugar & Industries Limited,
SESHA
Digitally signed
by SESHA SAYEE
VORUGANTI
V Sesha Sayee
SAYEE
Date: 2023.06.01
Company Secretary &
VORUGANTI
13:48:57 +05'30'
Compliance Officer
Encl : a/a
ANNEXURE A
Details of Shri K Venkat Rao (DIN:06566627) as required under Schedule III - Para A(7B) of Part A of Listing Regulations read with SEBI Circular no. CIR/CFD/CMD/4/2015 dated 9th September 2015:
Sl.
Details of Events that need to be
Information of such event(s)
No.
provided
1.
Reason for change viz. resignation
Shri K Venkat Rao (DIN: 06566627) has
tendered his resignation for personal
reasons, effective from June 1, 2023. Vide
his letter dated June 1, 2023, he has
confirmed that there are no other material
reasons for resignation than those
mentioned in the resignation letter.
2.
Date on which above cessation
June 1, 2023
becomes effective
3.
Brief profile (in case of appointment)
Not Applicable
4.
Disclosure of relationships between
Not Applicable
directors (in case of appointment of a
director)
5.
Letter of resignation along with
Enclosed as Annexure B
detailed reasons for resignation
6.
Names of the listed entities in which
Directorship ‐ Nil
the resigning Director, i.e. Shri K
Venkat Rao holds directorship and
Committee Membership - Nil
membership of Board Committees, if
any
7.
The independent director shall, along
Shri K Venkat Rao has confirmed that there
with the detailed reasons, also
are no material reasons other than those
provide a confirmation that there are
mentioned in his resignation letter.
no other material reasons other than
those provided.
SESHA SAYEE VORUGANTI
Digitally signed by SESHA SAYEE VORUGANTI Date: 2023.06.01 13:49:27 +05'30'
Attachments
Original Link
Original Document
Permalink
Disclaimer
Kakatiya Cement Sugar & Industries Ltd. published this content on 01 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 11:30:03 UTC.
Kakatiya Cement Sugar and Industries Limited is an India-based company. The Company is engaged in producing, manufacturing, refining, selling and generally to deal in all kinds of portland cement, sugar, generation, and distribution of power. The Company operates through three segments: Cement, Sugar, and Power. Its Cement segment is engaged in producing, manufacturing, refining, and preparing the portland cement. Its Sugar segment deals mainly with the crushing of sugarcane. Power segment generates and distributes the power. The installed capacity of the Company's Cement Division is approximately 297,000 tons per annum (TPA), and that of the Sugar Division is approximately 3,200 tons of cane per day (TCD). Its Sugar Division crushes approximately four lakh metric tons (MT) of sugar cane on an average per year. The Company operates a 17-megawatt (MW) cogeneration power plant. Its sugar site is located at Peruvancha Village, Kalluru Mandal at Khammam District., Andhra Pradesh.