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Regency Ceramics Ltd Board/Management Information 2023
60870_rns_2023-09-30_5a52487d-356e-4051-ac9a-8dbbb9a6f665.pdf
Board/Management Information
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Hyderabad, September 30, 2023
| To, | To, |
|---|---|
| BSE Ltd, | The National Stock Exchange of India Limited, |
| Phiroze, Jeejeebhoy Towers, | Exchange Plaza, Bandra Kurla Complex, |
| Dalal Street, Mumbai — 400001 | Bandra (East), Mumbai: 400051 |
| Tel:022-22721233/34 | Tel: 022-26598235/36/452 |
| Fax: 022-22722131/1072/2037/2061/41 | Fax: 022-26598237/38 |
| Email: [email protected] | Email: [email protected] |
| [email protected] | Symbol: REGENCERAM |
| Scrip Code: 515018 |
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") for Change in Director of the Company
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III of the said Regulations, 2015 and further to the voting results for Annual General Meeting issued by the Company, we wish to inform you that the Members of the Company at the 39™ Annual General Meeting of the Company held on September 30, 2023 (Commenced at 10.30 AM and concluded at 10.56 AM) have approved the following change(s) in the Directors of the Company:
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- Change in the designation of Mr. Narala Satyendra Prasad from "Whole Time Director and Chief Financial Officer" to "Managing Director and Chief Financial Officer" of the Company. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we confirm that Mr. Narala Satyendra Prasad is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.
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- Change in the designation of Dr. Naraiah Naidu Gudaru from "Chairman and Managing Director" to "Executive Chairman" of the Company. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we confirm that Dr. Naraiah Naidu Gudaru is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.
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Appointment of Mr. Vasantha Rayudu Garapati as "Non- Executive Independent Director" of the Company. Mr. Vasantha Rayudu Garapati satisfies the criteria of independence prescribed under the Companies Act, 2013 and Listing Regulations. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, we confirm that Mr. Vasantha Rayudu Garapati is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.
The details required to be disclosed under the captioned Regulation are enclosed as Annexure 1.
Kindly take the above information on record.
Thanking You, Jor Regency Ceramics Limited
SATYENDRA PRASAD NARALA Digitally signed by SATYENDRA PRASAD NARALA Date: 2023.09.30 18:27:52 +05'30'
Narala Satyendra Prasad Managing Director and CFO DIN: 01410333
Annexure-I
| Brief Profile of Mr, Narala Satyendra Prasad | |||||
|---|---|---|---|---|---|
| -- | -- | -- | -- | ---------------------------------------------- | -- |
| Reason for change viz. appeintment—re- > > > or otherwise; |
Whole-time Change in designation from Director and Chief Financial Officer of the Company Managing Director and the to Chief Financial Officer of the Company. |
|---|---|
| appointment/eessation Date of (as appointment/re applicable) & term of appointment |
Change Whole-time in designation from Director and Chief Financial Officer to the Managing Chief Director Financial and Annual General Officer Meeting] the at held on September 30, 2023. Term appointment from The of is |
| September 30, 2023 to July 31, 2025. | |
| Brief profile (in case of appointment); | Mr. Narala Satyendra Prasad, aged about] 56 years, has an overall experience of 33 managerial years with years 30 of experience senior positions across in diverse industries. completed Degree He Bachelor's his in Computer Engineering from Science & Anna College Engineering, Guindy, of Chennai Masters University, and in Computer from Science University of] South Carolina, Columbia, USA. He career with started Tata) his Consultancy Chennai Services, and has] been an entrepreneur since 1991. He was the co-founder of iSpace Global Services (India) Pvt Ltd., a multinational Company] US involved in software services the to healthcare industry. |
| between Disclosure relationships of |
Mr. Narala Satyendra Prasad is the son- |
| of appointment directors case of a (in |
Naraiah Naidu Gudaru, in-law Dr. of |
| director) | Chairman of the Company. |
| Brief Profile of Dr. Naraiah Naidu Gudaru | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| -- | -- | -- | -- | -- | -- | -- | -- | -- | ------------------------------------------- |
| Reason for change viz. appeintment; | Change designation Naraiah Dr. of in |
|---|---|
| Resignation—remeoval-death-erotherwise: | Gudaru 00105597) Naidu (DIN: from, |
| Chairman and Managing Director of the | |
| Company Chairman of] Executive the to |
|
| the Company. | |
| Date of appeintment/cessation (as | Change in designation from Chairman and |
| applicable) & term of appointment | Managing Executive Director the to |
| Chairman of the Company at the Annual | |
| General Meeting held September 30, on |
|
| 2023. | |
| Term appointment The from, of is |
|
| September 30, 2023 to February 8, 2025. | |
| Brief profile (in case of | Dr. Naraiah Naidu Gudaru is a born leader |
| appointment); | Regency behind and visionary the |
| Ceramics Limited. He chartered the) has |
|
| Company through years 39 all its of] |
|
| Under journey. leadership, the his |
|
| Company grown exponentially and has |
|
| achieved recognitions different and has received many awards. His entrepreneurial |
|
| skills have led to the establishment of ong] | |
| of the biggest architectural and structural Company Hyderabad consultancy |
|
| in called as NN Associates. |
|
| Disclosure of relationships between | Dr. Naraiah Naidu Gudaru is the father |
| directors (in case of appointment of a | in-law of Mr. Narala Satyendra Prasad, |
| director) | CFO Managing Director and of the |
| Company. | |
Brief Profile of Mr. Vasantha Ravudu
| Reason for change viz. appeintment; | Appointment Rayudu Vasantha Mr. of |
|---|---|
| Resignation—remeoval-death-erotherwise: | 10286287) as Director in Garapati (DIN: |
| Non-Executive capacity the of a |
|
| Independent Director of the Company. | |
| Qualification | B.Com, B.LL |
| Date of appointment/eessation (as | Appointed at the Annual General Meeting] |
| applicable) & term of appointment | held on September 30, 2023. |
| The term of his appointment shall be for a | |
| period of 5 (five) years, commencing from | |
| August 22, 2023. | |
| Brief profile (in case of | a Member of the Bar Council of He is |
| appointment); | India and has vast experience of 39 years |
| advocacy. He field an of in is |
|
| accomplished advocate specializing in |
|
| counsel and His legal litigation. civil |
|
| providing proficiency strategic lies in |
|
| meticulous analysis and advice, case |
|
| complex guidance navigating expert in |
|
| legal issues. | |
| Disclosure of relationships between | Rayudu Vasantha Garapati Mr. not] is |
| directors (in case of appointment of a | Directors related any of of the the to |
| director) | Company. |