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Kesoram Industries announces cessation of nominee director

Capital Market 

With effect from 17 June 2021

Kesoram Industries announced that pursuant to the implementation of Debt Resolution Plan with the Bankers, the lead banker State Bank of India has intimated their decision to discontinue the appointment of Bhaskar Niyogi as their Nominee Director of the Kesoram Industries vide their e-mail dated 17 June, 2021. Bhaskar Niyogi has also confirmed the Company about his disassociation from the Board vide his e-mail dated 18 June 2021.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, June 18 2021. 15:50 IST