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

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jan-2025 17:41:42
Status
New
Announcement Sub Title
Resignation of Chief Financial Officer
Announcement Reference
SG250127OTHR77LM
Submitted By (Co./ Ind. Name)
Goh Lik Kok
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Financial Officer - Mr Kantilal s/o Champaklal Ramdas

Additional Details

Name Of Person
Kantilal s/o Champaklal Ramdas
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2025
Detailed Reason (s) for cessation
As Mr Kantilal s/o Champaklal Ramdas has decided to leave employment to pursue other personal interests, the Company would like to thank Mr Kantilal s/o Champaklal Ramdas for rendering 11 years of sterling services as Chief Financial Officer. We wish him all the best in his future endeavours.

Mr Kantilal s/o Champaklal Ramdas has confirmed that there were no concerns regarding the financial reporting that led to his departure and there are no disagreements between Mr Kantilal s/o Champaklal Ramdas and the board of directors with regards to practices that will have a material impact on the Group's financial reporting.

The Company is now searching for a suitable replacement.
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
06/09/2013
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Mr Kantilal s/o Champaklal Ramdas is responsible for the overall Group's finance activities and accounting operations, compliance, corporate governance, accounting functions and providing financial strategic planning, budget and forecasting.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
1,292,900 ordinary shares of GRP Limited.
Past (for the last 5 years)
Starland Axis Pte. Ltd.
Starland Commercial Trading Pte. Ltd.
GRP Hua Kai (S) Pte. Ltd.
Present
Region Suppliers (Pte) Limited
GRP Land Pte. Ltd.
GRP Pte. Ltd.
GRP Services Myanmar Co Ltd
GRP Projects Pte. Ltd.
GRP Development Sdn Bhd
GRP Dormitories Pte. Ltd.
General Rubber Pte. Ltd.
GRP Suppliers Pte. Ltd.
Multiple Lodge Sdn Bhd
GRP Project Management Sdn Bhd
VDH Land Sdn Bhd
GRP Development Pte. Ltd.
Rumah Kami Sdn Bhd