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Dilip Buildcon announces resignation of director

Capital Market 

With effect from 16 May 2017

Dilip Buildcon announced that Naval Jawaharlal Totla (DIN 02408585) has submitted his resignation from the post of Non-Executive Director of the Company on 16 May 2017. Naval Jawaharlal Totla was a Nominee Director in the Board at the time of his appointment, nominated by BanyanTree Growth Capital LLC, Private Equity Investor of the company. After BanyanTree Growth Capital LLC sold its entire investment in the company, Naval Jawaharlal Totla continued in the Board as a Non-Executive Director. But due to his other commitments and the fact that BanyanTree Growth Capital LLC does not hold any stake in the company, he has tendered his resignation from the Company

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First Published: Tue, May 16 2017. 20:41 IST