Manager - Department of Corporate Services BSE Limiteds
Jeejeebhoy Towers, Dalal Street, Fort,
Mumbai - 400 001
Security Code: 523694
Dear Sir,
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosures
Requirements) Regulation, 2015.
This is to inform you that the Board of Directors of the Company at its meeting held today i.e on 29th March 2022, based on the recommendation of the Nomination & Remuneration Committee and subject to approval of the shareholders of the Company at the ensuing Annual General Meeting, approved the following:
1. Re-appointment of Shri Abhiraj Choksey as Managing Director of the Company for the period of 3 years with effect from 1st May 2022. The intimation pursuant to the requirements of the SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, is enclosed herewith as Annexure -A
Thanking you,
For Apcotex Industries Limited
Anand V Kumashi
Company Secretary
Annexure - A
Sr. No
Particulars
Details
1
Reason for change viz. appointment
The present term of Shri Abhiraj Choksey, Managing Director ends on 30th April 2022. He has been re-appointed for a further term.
2
Date of appointmentappointment
&termof
Shri Abhiraj Choksey has been re-appointed as Managing Director at the meeting of Board of Directors held today i.e on 29th March 2022. The term of re-appointment is from 1st May 2022 to 30th April 2025. The re-appointment is subject to approval of shareholders in the ensuing AGM of the Company.
3
Brief profile (in case of appointment);
Shri Abhiraj Choksey graduated from the University of Pennsylvania with degrees in Engineering and Business from Wharton. He worked in strategy consulting and IT in the United States for a few years before joining Apcotex in 2005. He is associated with the Company since 2005 in various capacities and has been the Managing Director since May 2010. He is on the Executive Committee of the Indian Chemical Council (ICC), and an active member of Young Presidents Organization (YPO) and Entrepreneurs' Organization (EO).
4
Disclosure of relationships between directors (in case of appointment of a director).
Shri Abhiraj Choksey is related to Shri Atul Choksey and Shri Amit Choksey, Non-executive Directors of the Company
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Apcotex Industries Limited published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 13:18:10 UTC.
Apcotex Industries Limited is an India-based specialty chemical company. The Company produces synthetic lattices (VP Latex, SBR and Acrylic Latex, Nitrile Latex) and synthetic rubber (high styrene rubber, nitrile butadiene rubber). It has a range of products based on Styrene-Butadiene Chemistry and Acryonitrile-Butadiene Chemistry available in the market. The Companyâs range of Latexes are used for paper / paperboard coating, carpet backing, tire cord dipping, construction, gloves-examination, surgical and industrial use. The various grades of synthetic rubber find application in products, such as footwear, automotive components, v-belts, conveyor belts and hoses. It exports to over 45 countries, including the Indian Subcontinent, Southeast Asia, the Middle East. Its products include Apcoflex N745, Apcoflex N746, Apcoflex N747, Apcoflex N749, Apcoflex NVC70E, Apcoflex NVC70E-P, APCOTEX TSN 100, APCOTEX PC 400, APCOTEX TSN 400, APCOTEX PT 600, APCOTEX PT 663, APCOTEX PT 800 and other.