MT EDUCARE LIMITED — Board/Management Information 2019

Sep 26, 2019

Ref: MTEL/2019-20/029

September 26, 2019

Scrip Code: 534312	Symbol: MTEDUCARE
Mumbai-400001	Mumbai - 400 051
Dalal Street, Fort,	Bandra-Kurla Complex, Bandra (East)
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Plot no. C/1, G Block,
BSE Limited	National Stock Exchange of India Limited
The Manager (CRD)	The Manager - Listing Department

Dear Sir/ Madam,

Sub: Outcome of Board Meeting held on September 26, 2019

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. September 26, 2019 inter-alia, considered following matters:

• 1. based on the recommendation of the Nomination & Remuneration Committee, the Board approved the appointment of following Directors on the Board of the Company w.e.f. September 26, 2019 :
  • i. Mr. Roshanlal Khamboj (DIN: 01076066) as an Additional Director in the Category of Non Executive Independent Director. He shall hold office upto the date of the ensuing Annual General Meeting of the Company. His appointment as an Independent Director is subject to the approval of shareholders at the ensuing Annual General Meeting of the Company.
  • Mr. Sanjeev Garg (DIN: 07779832) as an additional Director in the category of Whole-Time ii. Director and Chief Executive Officer of the Company, subject to approval of shareholders at the ensuing Annual General meeting.
  • iii. Re-designation of Mr. Debshankar Mukhopadhyay (DIN:08194567) from the position of Executive Director to Managing Director of the Company
• 1. Took note of and accepted the resignation of Mr. Ajey Kumar (DIN: 02278096) from the position of an Executive Director of the Company w.e.f. September 26, 2019.
• 1. Adoption of new authority Matrix.

The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/ CFD/ CMD/4/2015 dated 9th September, 2015 are enclosed herewith and are marked as "Annexure I".

The Board meeting commenced at 6.00 pm and concluded at 7.00 p.m.

Request you to kindly take the same on your records and oblige.

Thanking you.

Yours faithfully, For MT EDUCARE LIMITED

VAM

Mandar Chavan Company Secretary

Annexure I

1. Appointment of Mr. Roshanlal Khamboj (DIN: 01076066) :

Sr.No.	Particulars	Information of such event
1	Reason for Change	Appointment
$\overline{\phantom{a}}$	Date of Appointment & Term ofappointment	Appointed w.e.f. September 26, 2019 in the categoryof Non-Executive Independent Director, subject toapproval of shareholders at the ensuing AnnualGeneral meeting of the Company.
3	Brief Profile	Mr. Roshanlal Khamboj is a Commerce Graduate. Heis an Industrialist and serves as a Whole time Directorof Gold Laminates (India) Limited. Further, he is alsoa Partner and Producer in Roshan Lal and Ravi Rajcreations. He is not associated or related to any ofthe directors of the Company.
4	Disclosure of relationships betweendirectors	Mr. Roshanlal Khamboj is not related to any of theDirectors on the Board.

2. Appointment of Mr. Mr. Sanjeev Garg (DIN: 07779832):

Sr.No.	Particulars	Information of such event
$\mathbf 1$	Reason for Change	Appointment
$\overline{2}$	Date of Appointment & Term ofappointment	Appointed w.e.f. September 26, 2019 as anAdditional Director in the category of Whole-TimeDirector & Chief Executive Officer (CEO) of theCompany, subject to approval of the shareholders atthe ensuing Annual General meeting.
3	Brief Profile	Mr Sanjeev Garg is a senior professional and BusinessLeader with expertise in Strategy, Turnarounds,running large scale businesses and creating newparadigms. He was instrumental in the creation ofIndia's telecom industry and has led large businessesincluding terrestrial distribution of TV channels andmedia publications. He has had successful stints inDNA, SITI Cable, Aircel, Vodafone and RelianceCommunications. He is an Engineer and MBA.
$\Delta$	Disclosure of relationships between	Mr. Sanjeev Garg is not related to any of the
	directors	Directors on the Board.

Yours faithfully,

For MT EDUCARE LIMITED

M7

$(05)$

Mandar Chavan Company Secretary