Insilco Limited announced the re-appointment of Vinod Paremal as Managing Director of the company, with effect from May 1, 2023.
According to the company’s exchange filing, “Resolved that pursuant to the provisions of Section 196, 197 and 203 read with Schedule V of the Companies Act 2013, rules made thereunder and all other applicable provisions, if any of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and Article 92 of the Articles of Association of the Company and subject to the approval of Shareholders by Ordinary Resolution in the general meeting and such other approvals as may be required, consent of the Board be and is hereby accorded to re-appoint Mr. Vinod Paremal (DIN:08803466) as Managing Director of the Company for a further period of 2 (two) years with effect from 1st May 2023 without any remuneration and on such terms and conditions as set out in the foregoing resolution and the explanatory statement.”
Insilco Limited, a group company of Evonik Industries GmbH, Germany, is one of the leading producers of precipitated silica in South Asia.
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