REG - Tirupati Graphite - Directorate Change and Corporate Governance Update

Tirupati GraphiteAnnouncement

05/02/2024 07:00

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RNS Number : 9397B  Tirupati Graphite PLC  05 February 2024

5 February 2024

Tirupati Graphite plc

('Tirupati', 'TG' or the 'Company')

 

Directorate Change and Corporate Governance Update

 

 

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist flake graphite
company and supplier of the critical mineral for the global energy transition,
announces that Mr. Hemant Poddar has resigned as a Non-Executive Director of
the Company, with immediate effect, in order to focus on his other business
interests.

 

Following the appointments of Non-Executive Directors, Ms Isabel de Salis and
Mr. Murat Dogan Erden, in 2023, the Board initiated various measures as part
of a review of its corporate governance including but not limited to:

 

·    The reconstitution of the board committees on Audit & Risk,
Remuneration and Nominations;

·    The creation of a new Sustainability Committee to keep under review
the achievement of the Company's sustainability goals including on clean
energy and waste minimisation, continuing to target net zero emissions by turn
of the decade.

 

The Board now constitutes three members, of which two are independent
Non-Executive Directors. The Company will keep the size and composition of the
Board under ongoing review as it looks to grow with a view to expanding its
Board when appropriate.

 

The Board would like to thank Mr Poddar for his service to the Company and
wish him well for the future.

 

Shishir Poddar, Executive Chairman, said:

 

"On behalf of the board, we would like to thank Hemant for his contributions
to the Company's evolution being a co-founder and member on the Board since
our inception.  We wish him well on his future endeavours."

 

 

ENDS

 

For further information, please visit https://www.tirupatigraphite.co.uk/
(https://www.tirupatigraphite.co.uk/) or contact:

 

 Tirupati Graphite Plc

 Puruvi Poddar - Chief of Corporate & Business Development        admin@tirupatigraphite.co.uk (mailto:admin@tirupatigraphite.co.uk)

                                                                  +44 (0) 20 39849894
 Optiva Securities Limited (Broker)

 Ben Maitland - Corporate Finance                                 +44 (0) 20 3034 2707

 Holly Ritson - Corporate Broking                                 +44 (0) 20 3981 4173

 FTI Consulting (Financial PR)                                    +44 (0) 20 3727 1000

 Ben Brewerton / Nick Hennis / Lucy Wigney                        tirupati@fticonsulting.com

 

About Tirupati Graphite

 

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the
critical mineral for a decarbonised economy and the energy transition. The
Company places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is committed to
ensuring its operations are sustainable.

The Company's operations include primary mining and processing in Madagascar
where the Company operates two key projects, Sahamamy and Vatomina with a
combined 30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to customers
globally.

The Company has also acquired two advanced stage, world class, natural
graphite projects in Mozambique. Work has already commenced to optimise the
economics for development of the Montepuez graphite project, which is
permitted for 100,000tpa production and where substantial construction work
has already been undertaken by the previous operator.

 

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