Change - Announcement of Cessation::Resignation of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
SEVAK LIMITED
Securities
SEVAK LIMITED - SG1BD0000008 - BAI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2020 17:54:55
Status
New
Announcement Sub Title
Resignation of Group Chief Financial Officer
Announcement Reference
SG201027OTHRME2X
Submitted By (Co./ Ind. Name)
Chada Anitha Reddy
Designation
Non-Independent Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Rakesh Khera as Group Chief Financial Officer of the Company.

Additional Details

Name Of Person
Rakesh Khera
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
15/12/2020
Detailed Reason (s) for cessation
Desire to pursue certain personal passions and goals.

The Board would like to acknowledge his contributions to the Company during his tenure as Chief Financial Officer and thank him for his services rendered to Sevak Limited.
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
09/06/2017
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)
2
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.)
Group Chief Financial Officer
Role and responsibilities
As Group Chief Financial Officer, he was responsible for the overall financial functions of the Sevak Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Directorships:

Singapore Electric Vehicles Pte Ltd
Centia Pte Ltd
Present
Directorships:

Cavu Corp Pte Ltd
Peremex Pte Ltd
Delteq Pte Ltd
Delteq Systems Pte Ltd
Bharat IT Services Limited
SEV Projects Pte Ltd

Attachments

Movement of Group CFO.pdf
Total size =209K