Change - Announcement of Cessation::Retirement of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
THAKRAL CORPORATION LTD
Securities
THAKRAL CORPORATION LTD - SG1AJ2000005 - AWI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Dec-2023 17:50:44
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG231201OTHRKJAH
Submitted By (Co./ Ind. Name)
Anil Daryanani
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Dileep Nair as an Independent Non-Executive Director of Thakral Corporation Ltd (the "Company") and a Member of the Audit Committee, Compensation Committee and Nomination Committee of the Company.

Additional Details

Name Of Person
Dileep Nair
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2023
Detailed Reason (s) for cessation
Retirement as part of the Board renewal process and pursuant to mandatory maximum 9-year tenure for independent directors under listing rule requirement.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
02/01/2005
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Member of Audit Committee, Compensation Committee and Nomination Committee
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
1.Agri-Food & Veterinary Authority of Singapore
2. Keppel DC REIT Management Pte. Ltd., the Manager of Singapore listed Keppel DC REIT
Present
1. Singapore Reinsurance Corporation Limited
2. MS First Capital Insurance Limited
3. Health Sciences Authority of Singapore