Industrial Machinery company Lloyds Engineering Works announced the appointment of Devidas Kambale as Additional Director of the company, with effect from March 6, 2024.
According to the company’s exchange filing, “As per the recommendations received by the Nomination and Remuneration Committee, approved the appointment of Mr. Devidas Kambale (DIN: 00020656) as an Additional Director of the Company, subject to the approval of Shareholders in the next general meeting or within a time period of three months from the date of appointment, whichever is earlier.”
He holds a degree in Master of Commerce, CAIIB, Master of Financial Management (J. Bajaj Institute of Management.)
He is having more than 30 years of experience in banking sector and worked with IDBI at senior levels. During his long period of service, he worked in all the Operational Departments like Project Appraisal, Corporate Finance Departments and Rehabilitation Department and also headed Corporate Debt Restructuring Cell (CDR). He was involved in appraisal of various Green Projects including projects like Binani Cement Ltd. and Neelachal Ispat Ltd.
He also has rich exposure in the areas like Project Monitoring & follow up, Recovery, CDR, Priority Sector Dept, and he also represented as a nominee of IDBI on the Board of the various companies like Balrampur Chini, S. Kumars Nationwide, SJK Steel Co. Ltd (now taken over by Kalyani Group), Kumar Metallurgical, Sanghi Industries Ltd, Ashok Papers, Gayatri Sugars.
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