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

Issuer & Securities

Issuer/ Manager
MEGHMANI ORGANICS LIMITED
Securities
MEGHMANI ORGANICS LIMITED - SG1P93919998 - M30
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-May-2017 17:42:51
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer
Announcement Reference
SG170523OTHRBSMN
Submitted By (Co./ Ind. Name)
Kamlesh Dinkerray Mehta
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Executive Officer

Additional Details

Name Of Person
Ashish Soparkar
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
22/05/2017
Detailed Reason (s) for cessation
Due to occupation in other business.
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
23/05/2014
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)
0
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.)
Chief Executive Officer
Role and responsibilities
Finance, Accounts & Corporate Affairs of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Kaushal Soparkar, Director of Meghmani Finechem Limited (Principal Subsidiary) is son of Mr. Ashish Soparkar.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
24,585,628 Equity Shares (9.67% of the total issued capital of the Company)
Past (for the last 5 years)
Meghmani Finechem Limited
Present
Meghmani Chemicals Limited.
Meghmani Exports Limitada Sa De CV Mexico.
Meghmani Organics USA Inc.