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Jul 06, 2013, 04.34 PM IST | Source: Moneycontrol.com

Suryavanshi Spinning: Ganesh Gedam ceases to be nominee director

Suryavanshi Spinning Mills has informed BSE that IDBI Bank Ltd vide their letter dated June 03, 2013 withdrawn the nomination Ganesh Gedam from the Board of Director with effect from June 03. Consequently Ganesh Gedam ceases to be the Nominee Director and the member of the Audit committee and the member of Remuneration committee

Suryavanshi Spinning Mills Ltd has informed BSE that IDBI Bank Ltd vide their letter dated June 03, 2013 withdrawn the nomination Sri. Ganesh Gedam from the Board of Director of the Company with effect from June 03, 2013. Consequently Sri Ganesh Gedam ceases to be the Nominee Director of the Company and the member of the Audit committee and the member of Remuneration committee of the Company w.e.f. June 03, 2013.Due to withdrawal of nomination of Sri. Ganesh Gedam by the IDBI Bank Ltd the constitution of the Audit committee will be as follows with effect from June 03, 2013.1. Sri. R. Surender Reddy - Chairman, Non-Executive & Independent2. Dr. Akkineni Nageswara Rao - Member, Non-Executive & Independent3. Sri J. K. Agarwal - Member, Executive & Promoter4. Sri Surender Kumar Agarwal - Member, Non-Executive & IndependentExcept the above the other terms and conditions of the audit committee approved by the Board of directors of the Company earlier shall remain unaltered.Source : BSE

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