Change - Announcement of Appointment::Appointment of Interim Chief Executive Officer

Issuer & Securities

Issuer/ Manager
GRP LIMITED
Securities
GRP LTD - SG1CD2000004 - BLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Feb-2024 11:19:07
Status
New
Announcement Sub Title
Appointment of Interim Chief Executive Officer
Announcement Reference
SG240203OTHROBYB
Submitted By (Co./ Ind. Name)
Teo Tong How
Designation
Chairman and Independent Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Interim Chief Executive Officer of the Company, Kantilal s/o Champaklal Ramdas ("Mr Kantilal").

Additional Details

Date Of Appointment
02/02/2024
Name Of Person
Kantilal s/o Champaklal Ramdas
Age
72
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Save for Mr Colin Tay the Board of Directors ("Board") are unanimous, having considered the recommendation of the Nominating Committee and having reviewed and considered the capabilities, skills, expertise, experience and suitability of Mr Kantilal, and has approved his appointment as the Interim Chief Executive Officer of the Company with effect from 2 February 2024 until further announced by the Board. Mr Kantilal continues as Chief Financial Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is Executive. Mr Kantilal will be responsible for managing and overseeing the overall business strategy and development of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Interim Chief Executive Officer
Professional qualifications
Member of the Institute of Singapore Chartered Accountants
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Kantilal has more than 40 years' experience in Audit, Financial Management, Business Structuring and cost evaluation. Mr Kantilal has been Chief Financial Officer of the Company since 2013.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Kantilal holds 1,292,900 (0.72%) shares of GRP Limited.
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Starland Axis Pte. Ltd.
Starland Commercial Trading Pte. Ltd.
GRP Hua Kai (S) Pte. Ltd.
Present
GRP Suppliers Pte. Ltd.
GRP Pte. Ltd.
General Rubber Pte. Ltd.
Region Suppliers (Pte) Limited
GRP Land Pte. Ltd.
GRP Dormitories Pte. Ltd.
GRP Projects Pte. Ltd.
GRP Development Pte. Ltd.
GRP Services Myanmar Co Ltd
Multiple Lodge Sdn Bhd
GRP Project Management Sdn Bhd
GRP Developments Sdn Bhd
VDH Land Sdn Bhd
Rumah Kami Sdn Bhd (Alternate Director to Mr Colin Tay)
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not Applicable.