Borosil Glass Works Limited Announces Management Changes
February 03, 2020 at 02:27 pm IST
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Borosil Glass Works Limited announced that the Board of Directors of the Company at their meeting held on February 3, 2019 approved the appointment of Mr. Raj Kumar Jain, Mr. Pradeep Vasudeo Bhide, Mrs. Shalini Kamath, Mr. Haigreve Khaitan and Mr. Asif Syed lbrahim as additional and Non-Executive independent Director of the Company with effect from February 03, 2020, subject To Approve the members; appointment of Mr. Ramaswami V Pillai as Additional Director, Whole Time Director and Key Managerial Personnel of the Company with effect from February 12, 2020 (effective date of the Scheme) to March 31, 2021, subject To Approve the members; appointment of Mr. Ashok Jain as Additional Director, Whole Time Director and Key Managerial Personnel of the Company with effect from February 12, 2020 (effective date of the Scheme) to July 31, 2021, subject To Approve the members; and Appointment of Mr. Sunil Roongta as Chief Financial Officer and Key Managerial Personnel of the Company with effect from February 12, 2020; and appointment of Mr. Kishor Talreja as Company Secretary & Compliance Officer and Key Managerial Personnel of the Company with effect from February 12, 2020 (effective date of the Scheme). The Board of Directors of the Company in the meeting held now accepted the resignation of following key managerial personnel and internal auditor, who shall become employees of the resulting Company that is Borosil Limited from the date preceding the effective date of the Scheme: Mr. Shreevar Kheruka as Managing Director and Chief Executive Officer and Key managerial Personnel of the Company, while continuing as a Director of the Company, with effect from February 11, 2020. Mr. Rajesh Kumar Chaudhary as Whole Time Director and Key Managerial Personnel of the Company with effect from February I, 2020; Mr. Swadhin Padia Chief Financial Officer and Key Managerial Personnel of the Company with effect from February 11, 2020; Ms. Gita Yadav as Company Secretary & Compliance Officer and Key Managerial Personnel of the Company with effect from February 11, 2020; Mr. Ravi Agarwal as an Internal Auditor of the Company with effect from February 11, 2020.
Borosil Renewables Limited is an India-based company, which is engaged in manufacturing of low iron textured solar glass for application in photovoltaic panels, flat plate collectors and green houses. Its products, such as Selene, is an anti-glare solar glass suitable for PV installations near airports and Shakti, is a solar glass in matt-matt finish, low iron textured solar glass, 2 mm fully tempered solar glass, Nosbera, antimony-free solar glass, solar glass with anti-reflective coating, and solar glass with anti-soiling coating. It also manufactures specialty glasses. The Company, through its brand BOROSIL, manufactures a range of lab ware, scientific ware, and consumer ware products. Its present solar glass manufacturing capacity is 450 tons per day (TPD). The Company's subsidiaries include Geosphere Glassworks GmbH, Laxman AG, GMB Glasmanufaktur Brandenburg GmbH, and Interfloat Corporation.