 EVENTS
A) At the Meeting of the Board of Directors of the Company held on 10th November, 2022, the Board has arrived at following decisions :
(i) Took note of the resignation of Mr. Vivek Goenka, present President and Chief Financial Officer and Key Managerial Personnel of the Company with immediate effect i.e. with effect from 10th November, 2022 . He will however, continue as President of the Company.
(ii) Approved the appointment of Mr Indraneel Banik as Chief Financial Officer and Key Managerial Personnel of the Company with immediate effect i.e. with effect from 10th November, 2022.
B) The Board of Directors at its Meeting held today have decided to :
(i) authorise Company personnel to explore the possibilities for disposing off/ monetization of tea estate/ estate(s) of the Company pursuant to the consent of shareholders to the Board of Directors of the Company pursuant to Section180(1)(a) of the Companies Act, 2013 for selling, leasing or otherwise disposing of Tea Estates of the Company and/or other assets.
(ii) to explore possibilities/opportunities in Retail/Consumer marketing and to carry on Tea business as a Merchant Exporters to Gulf /CIS/Eastern European Countries.
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