Sree Rayalaseema Alkalies & Allied Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 08, 2011 has accorded the following:
1. Approval to re-designate Sri K Karunakar Rao as Executive Director & CEO of the Company with the powers and responsibilities of management under the superintendence and control of the Board to comply with the statutory requirements of the Companies Act, Listing Agreement and other relevant Acts.
2. Considering Audit Committee recommendation has also accorded its approval to declare Sri M. V. Kumara Swamy, Vice President (Finance) as CFO in place of earlier- authorized Executive, Sri K. Karunakar Rao to comply with Clause-49 of the Listing Agreement entered with Stock Exchange.
Sensex
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Monday, January 10, 2011
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