Vakrangee Implements Kotak Committee Recommendations, Appoints Veteran Mr. Ramesh Joshi (Ex-RBI and Ex-SEBI ED) as Non-Executive Chairman

/ -- In Pursuance of Highest standards of Corporate governance and In Line with SEBI's revised Listing Obligations and Disclosure Regulations (Regulation 17(1B) of SEBI LODR, 2015) with regard to separation of roles of Chairman and Managing Director, and that the persons holding these responsibilities should not be related to each other. Also, as per the said clause the Chairperson of the Company has to be a non-executive director.

Accordingly, the Nomination and Remuneration Committee ('NRC') of the Company has recommended a structured and comprehensive change in the Senior Management. Based on the NRC Committee recommendation, the Board has considered and approved the following, subject to any approval, if applicable:
About Vakrangee Limited (BSE: 511431) (NSE: VAKRANGEE)