KDDL Ltd — Board/Management Information 2020

Sep 24, 2020

KDDL Limited

Kamla Centre, SCO 88-89, Sector 8-C, Chandigarh - 160 009, INDIA. Tel: +91 172 2548223/24, 2544378/79; Fax: +91 172 2548302, Website:www.kddl.com CIN-L33302HP1981PLC008123

National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla-Complex, Bandra, Mumbai - 400 051

Trading Symbol : KDDL Scrip Code : 532054

Ref : KDDL/CS/2020-21/48 Date : 24th September, 2020

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001

Subject: Intimation under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/ Madam,

This is to inform you that the shareholders of the Company at 40th Annual General Meeting (AGM) have, inter

alia, approved the following:

1. Reappointment of Mr. Yashovardhan Saboo as Chairman & Managing Director w.e.f 1st April, 2020 for a period of three year i.e upto 31st March, 2023.

Other relevant details are given herein below pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, relating to reappointment of Key Managerial Personnel (Managing Director) :

Disclosure Requirements	Details
Reason for Change	The existing term of Mr. Yashovardhan Saboo, Chairman & ManagingDirector had expired on 31st March, 2020. Hence, the Board of Directorshad reappointed Mr. Saboo for a further period of three years w.e.f 1stApril, 2020 and the same has been approved by the Shareholders throughSpecial Resolution at 40th AGM of the Company.
Dateofappointment&term of appointment	The reappointment will be effective from 1st April, 2020 for a period ofthree years i.e upto 31st March, 2023.
Brief Profile	Mr. Yashovardhan Saboo is B.A. (Hons.) and MBA from IIM, Ahmedabad. Hestarted his career in 1980 as Director of Groz-Beckert Saboo Limited,Chandigarh and was the Managing Director of the Company from 1991 to1993. In 1983, he set up Kamla Dials and Devices Limited (now KDDLLimited) as Managing Director of the Company. In 2003, he set up Ethos. In2006, he set up Precision Stamping division, EIGEN Engineering atBangalore. He has been conferred with "UdyogRatna" Award from PHDCCIin 2005 for valuable contribution to the Economic development of HimachalPradesh.
Disclosure of relationshipsbetween Directors	Mr. Yashovardhan Saboo is brother of Mr. Jai Vardhan Saboo, nonexecutive non-independent director.

2). Reappointment of Mr. Praveen Gupta as an Independent Director of the Company for a period of five years with effect from 24th August, 2020 to 23rd August, 2025.

Other relevant details are given herein below pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, relating to reappointment of Mr. Praveen Gupta:

Disclosure Requirements	Details
Reason for Change	The existing first term of Mr. Praveen Gupta, Independent Director hadexpired on 23rd August, 2020. Hence, the Board of Directors at its meetingheld on 27th June, 2020 had reappointedMr. Gupta for a period of fiveyears w.e.f 24th August, 2020and the same has been approved by theShareholders through Special Resolution at 40th AGM of the Company.
Date of appointment & term ofappointment	The reappointment will be effective from 24th August, 2020, for a period offive years i.e upto 23rd August, 2025.
Brief Profile	Mr. Praveen Gupta is a Director of the Company since 2014. He is a B.Tech.(Electrical Engineering) from IIT, Kanpur and PG Diploma in Managementfrom IIM Ahmedabad. He has 40 years of experience at very senior levels inthe industrial products and auto component industry.
Disclosureofrelationshipsbetween Directors	Mr. Praveen Gupta is not related to any Director.

For KDDL Limited

Brahm Prakash Kumar Company Secretary