General Announcement::Intimation Regarding Continuation of Directors on Board of the Company

Issuer & Securities

Issuer/ Manager
RELIANCE COMMUNICATIONS LIMITED
Securities
RELIANCEUS$300M6.5%N201106 - XS1216623022 - 29EB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Nov-2019 14:59:52
Status
New
Announcement Sub Title
Intimation Regarding Continuation of Directors on Board of the Company
Announcement Reference
SG191125OTHR2N7T
Submitted By (Co./ Ind. Name)
Rakesh Gupta
Designation
Company Secretary
Effective Date and Time of the event
25/11/2019 12:00:00
Description (Please provide a detailed description of the event in the box below)
In furtherance of our letter dated November 16, 2019 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015( Listing Regulations ), the undersigned hereby informs your good office that the Committee of Creditors of Reliance Communications Limited ( RCOM ) at its meeting held on November 20, 2019 considered the resignations tendered by the following directors and expressed a unanimous view that the resignations cannot be accepted and instructed the Resolution Professional to convey to the directors to continue with their duties and responsibilities as directors and provide all cooperation in the corporate insolvency resolution process, at least until the completion of the insolvency resolution process of RCOM:

i. Shri Anil D Ambani
ii. Smt. Ryna Karani
iii. Smt. Chhaya Virani
iv. Smt. Manjari Kacker
v. Shri Suresh Rangachar

In light of the aforesaid, it is being duly communicated to the aforesaid directors of RCOM that their resignations have not been accepted and they are advised to continue to perform their duties and responsibilities as the directors of RCOM and provide all cooperation to Resolution Professional in the corporate insolvency resolution process.

Attachments

LetterToSE_ContinutionofDirectors_24112019.pdf
Total size =40K