Jyoti Ltd. — Board/Management Information 2019

Sep 26, 2019

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26 th September, 2019

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Nanubhai Amin Marg, Industrial Area, P.O. Chemical Industries, Vadodara-390 003. (India) Phone :3054444 Fax : ++91-265-2281871 2280671 E.Mail : jyotiltd@jyoti.com Website : http://www.jyoti.com CIN: L36990GJ1943PLC000363

General Manger DCS-Listing The Stock Exchange-Mumbai Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400023

Scrip Code: 504076

Subject: Outcome of the Board Meeting held on 26th September, 2019

Dear Sir,

Pursuant to Regulation 30 of SEBI (Listing Obliga�ions and Disclosure Requirements) Regulations, 2015, we wish to inform you the following-

1. Based on the recommendation of the Nomination and Remuneration Committee, the Board has considered and approved the reappointment of Mr. Tushar C. Dayal as an Independent Director of the Company for second term of 5 (five) consecutive years for the period starting from 30 th October, 2019 upto 29 th October, 2024 ,subject to approval of the shareholders of the Company.

2. Based on the recommendation of the Nomination and Remuneration Committee, the Board has considered and approved the reappointment of Mr. Shrikar S. Bhattbhatt as an Independent Director of the Company for second term of 5 (five) consecutive years for the period starting from 30 th October, 2019 upto 29 th October, 2024 ,subject to approval of the shareholders of the Company.

3. Based on the recommendation of the Nomination and Remuneration ,Committee, the Board has considered and approved the reappointment of Mr. Vijaykumar 0. Gulati as an Independent Director of the Company for second term of 5 (five) consecutive years for the period starting from 30 th October, 2019 upto 29 th October, 2024 ,subject to approval of the shareholders of the Company.

Details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 th September, 2015 is given i enclosed Annexure.

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Jyoti Ltd. ® Water • Power • Progress

1. Dr. Rajesh M. Khajuria whose first term as an Independent Director of the company will be expiring on 29 [th ] October, 2019 and he has not opted for re­ appointment due to his pre-occupation with academic and international accreditation activities. Therefore, Dr. Rajesh M. Khajuria will be ceased to be Independent Director of the Company with effect from 30 [th ] October, 2019.

2. The Board considered the request received from Mr. Chirayu Ramanbhai Amin and Mr. Mayank Natubhai Amin belonging to Promoter group of the Company for Reclassification from Promoter Category to Public Category vide their letter dated 16 [th ] September, 201-9. In order to comply with provisions of Regulation 31A(3)(b) and 31A(4) of the SEBI (LODR) Regulations, 2015, the Board has decided to seek further information/ confirmations from the Applicants and advised the Company Secretary to suitably intimate them. In compliance of the Regulation 31A (8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company will send the extract of minutes within the prescribed time.

The meeting started at 3:00 p.m. and concluded at 4:30 p.m._

Kindly take above on your record and oblige.

Thanking you,

Yours Faithfully,

For JYOTI LIMITED f 11'_/ CS S. Singhal Vice President (Legal) & Company Secretary M.No.F8289

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Annexure

Details of Re-appointment of Mr. Tushar C. Dayal as an Independent Director

Sr.	Details of events that need to be	Information of Such event (s)
No.	provided
1	Reason for Change viz. Appointment,	Based on the recommendation of the
	Resignation, Removal, Death or	Nomination and Remuneration
	otherwise;	-·Committee.the Board of Directors in
		their Meeting held on 26th
		September, 2019, has approved re­
		appointment of Mr. Tushar C. Dayal
		as anlndependent Director of the
		Company for a further period of 5
		years with effect from 30thOctober,
		2019, subject to the approval of the
		Shareholders at the ensuing Annual
		General Meeting of the Company.
2	Date of appointment/cessation (as	• Re-appointment w.e.f. 30th
	applicable) and Term of appointment	October, 2019
		• 5 years w.e.f. 30thOctober,
		2019
3	Brief profile (in case of appointment)	Mr. Tushar C. Dayal is a Commerce
		graduate and a Chartered
		Accountant having a rich experience
		in finance projects, general
		management and governance of
		more than 42 years. He has also
		pursued Top Management Jraining
		Programmes from IIM Ahmedabad.
		Previously he has worked with
		reputed organizations such as A.F.
		Ferguson & Co., Excel Industries
		Limited and Reliance Petrochemicals
		Limited.
4	Disclosure of relationship between	There is no inter-se relationship with
	directors (in case of appointment of a	any otherDirector.
	director)

It,-,. -.. ��·. -�--' .. :;

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Details of Re-appointment of Mr. Shrikar S. Bhattbhatt as an Independent Director

Sr.	Details of events that need to be	Information of Such event (s)
No.	provided
1	Reason for Change viz. Appointment,	Based on the recommendation of t_he
	Resignation, Removal, Death or	Nomination and Remuneration
	otherwise;	Committee, the Board of Directors in
		their Meeting held on 26th
		September, 2019, has approved re­
		appointment of Mr. Shrikar S.
		Bhattbhatt as an Independent
		- Director of the Company for a further
		period of 5 years with effect from 30th
		October, 2019, subject to the
		approval of the Shareholders at the
		ensuing Annual General Meeting of
		the Company.
2	Date of appointmenUcessation (as	• Re-appointment w.e.f. 30th
	applicable) and Term of appointment	October, 2019
		• 5 years w.e.f. 30thOctober,
		2019
3	Brief profile (in case of appointment)	Mr. Shrikar S. Bhattbhatt is a B.Com.
		(Hons.), M.Com., LLB. (Gold
		Medalist), FCS, and a University
		ranker. He has over 34 years of vast
		experience out of which 24 years of
		experience is in the Power
		Generation/ Distribution / Equipment
		manufacturing companies namely
		Gupta Energy Limited, MSPL
		Limited, Torrent Power Limited and
		Jyoti Limited.
4	Disclosure of relationship between	There is no inter-se relationship with
	directors (in case of appointment of a	any otherDirector.
	director)

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,-i

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Details of Re-appointment of Mr. Vijaykumar 0. Gulati as an Independent Director

Sr. No.	Details of events that need to be provided	Information of Such event (s)
1	Reason for Change viz. Appointment, Resignation, Removal, Death or otherwise;	Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors in their Meeting held on 26thSeptember, 2019, has approved re-appointment of Mr. Vijaykumar 0. Gulati as an Independent Director of the Company ·for a further period of 5 years with effect from 30thOctober, 2019, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company.
2	Date of appointment/cessaton (as applicable) and Term of appointment	• Re-appointment w.e.f. 30t October, 2019 • 5years w.e.f. 30thOctober, 2019
3 Brief profile (in case of appointment)		Mr. VijayKumar 0. Gulati is a Chemical Engineer with a post graduation certificate course in Industrial Management. He has a very wide and varied experience of 52 years in Industry with key responsibility in various domains like Operations, Projects & Business Development, Materials Management, Marketing, Resource Mobilisation Banking and other Finance

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