Yasho Industries Limited announced the appointment of Ullal Ravindra Bhat as Independent Director of the Board, effective immediately.
According to the Company’s exchange filing, “This is to inform that the Board of Directors of the Company has appointed Mr. Ullal Ravindra Bhat as an Additional and Independent Director, who is not liable to retire by rotation, for a period of 5 years commencing from September 14, 2021 to September 13, 2026, subject to approval of the members. Mr. Ullal Ravindra Bhat complies with the requirements of Stock Exchange circulars BSE/LIST/COMP/14/2018-19 dated June 20, 2018.”
Ullal Ravindra Bhat (or U. R. Bhat) is one of India’s well-known investment managers having managed foreign institutional investments in Indian equities for more than two decades, the company said in its statement.
He was the Chief Investment Officer of Jardine Fleming in India for 7 years, which subsequently became a part of JP Morgan, advising the India dedicated funds of the Flemings group. He joined the Dalton group, UK in 2005 to lead their entry into India as the Managing Director of Dalton Capital Advisors (India) Pvt. Ltd., advising foreign institutional investors investing in India. He has cofounded Alphaniti Fintech Pvt. Ltd., a new-age Investment Advisory Co. offering data-driven, rule-based and tech-enabled investment products.
He is an M.Sc. from Indian Institute of Technology, Kanpur and has attended advanced courses on Finance at the Harvard Business School, Boston and Indian Institute of Management, Ahmedabad. He is a Fellow of the Chartered Institute of Bankers, London.
He is a respected commentator in the electronic and print media and has authored a well regarded editorial column for more than a decade in the Economic Times, one of the world’s largest financial dailies. He was closely involved in formulating policies for benchmark indices for the Stock Exchange, Mumbai as a member of its Index Committee. He has been active in the area of Corporate Governance both in his writing and speaking engagements, as also as a past member of the Corporate Governance Committee of the Indian Merchants Chamber. He has served on the Boards of several companies in India as an independent Director. He is currently on the Boards of Repro India Ltd. and Speciality Restaurants Ltd. as an Independent Director of the Company, the company said.
Yasho Industries Limited manufactures performance chemicals for industries as diverse as Rubber & Latex, Food & Flavors, Perfumery, Lubricants and other Specialty applications since 1993.
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