REG - GAIL (India) Ltd - Change in Directorship-Appointment of Dir(Finance)

GAIL (India)Announcement

01/12/2021 11:15

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RNS Number : 2257U  GAIL (India) Limited  01 December 2021

Change in Directorship - Appointment of Director (Finance) on the Board of
GAIL (India) Limited

 

This is to inform that Shri A.K. Tiwari, Director (Finance) and Chief
Financial Officer (DIN: 07654612) ceased to be a Director of the Company
w.e.f. 01.12.2021 upon his superannuation on 30.11.2021 from the services of
GAIL.

 

MOPNG vide letter No. CA-31022/1/2019-PNG (32917) dated 30.11.2021 nominated
Shri Rakesh Kumar Jain as Director (Finance) of the Company. The Board in its
meeting held on 30.11.2021 approved the appointment of Shri Rakesh Kumar Jain
(DIN 08788595) as an Additional Director of the Company w.e.f. 01.12.2021 to
hold the post of Director (Finance) and Chief Financial Officer.

 

The information pertaining to Shri Rakesh Kumar Jain is as under:

 

a)   Brief profile: -

 

Shri Rakesh Kumar Jain is Cost and Management Accountant by profession. Shri
Jain has a rich experience of nearly 30 years in the areas of Corporate
Finance and Treasury including Forex Risk Management, Capital Budgeting,
Corporate Budgets, Corporate Accounts, Finalization of Long-Term international
LNG and Gas Agreements, Pricing, Liquefaction and Regasification Terminal
Service Agreement, Mergers & Acquisitions, Taxation, Regulatory aspects
etc.

 

b)   Disclosure of relationships between Directors: -

 

Shri Rakesh Kumar Jain does not have any relation inter-se with other
Director(s) of the Company.

 

c)  Further, it is to affirm that Shri Rakesh Kumar Jain is not debarred
from holding the office of Director by virtue of any SEBI/ Ministry of
Corporate Affairs or any such statutory authority.

 

The above is for your information and records.

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