공고 • Nov 08
Computer Age Management Services Limited Announces Board Changes
Computer Age Management Services Limited announced that the notice of postal ballot dated November 7th 2024 wherein approval of the Members of the Company is being sought on the following Resolutions: Appointment of Mr. Narumanchi Venkata Sivakumar (DIN: 03534101) as an Independent Director of the Company. Appointment of Mr. Dinesh Kumar Mehrotra (DIN: 00142711) as Non-Executive Non-Independent Director for a term of three years. Mr. N V Sivakumar is a Chartered Accountant by profession. An institution builder and a trusted business adviser, Sivakumar has been with Price Waterhouse Coopers Private Limited (PWC) for over 22 years assuming varied roles within the Advisory Line of Service (2001-2023) serving a diverse set of domestic and international clients. Prior to that he was Lovelock and Lewes, Chartered Accountants (1982 - 2001) rendering audit and advisory services to varied clients. He retired from PWC on March 31, 2023. In his role as Entrepreneurial and Private Business Leader at PWC, Mr. Sivakumar has extensively worked with family businesses, advising them on ownership issues (governance, succession planning and structuring) and business issues (strategy and business transformation, deals and growth, risk and regulation, talent and profitability). He played an active role in the roll out of the PwC global thought leadership studies (Family Business Survey and NextGen Survey) and actively engaged with CII-FBN in their annual Family Business and NextGen conventions. As a Global Client Partner on large accounts, Sivakumar spearheaded the engagement with the clients at the promoter /board /senior executive level and ensured that advisory services were seamlessly delivered. With his functional expertise in Mergers and Acquisitions, Mr. Sivakumar led the Deals practice at PWC for four years overseeing rendering of deals strategy, corporate finance, valuation and transaction advisory services for clients in India and Overseas. Mr. Sivakumar is a Non-Executive Director on the Boards of Tata Motor Finance group companies, Kennametal India Ltd. and Capital Foods Private Ltd. among others. In the opinion of the Board, Mr. Narumanchi Venkata Sivakumar (DIN: 03534101), fulfils the conditions for appointment as an Independent Director as specified in the Act and the Listing Regulations and is independent of the Company's management. Considering Mr. Narumanchi Venkata Sivakumar's skills, competency, expertise and experience and expertise in financial accounts, accounting standards and experience in interaction with industries and industry bodies, the Board is of the opinion that it would be in the interest of the Company to appoint him as an Independent Director of the Company. Mr. Dinesh Kumar Mehrotra, aged 71 years, is Honors Graduate in Science from the University of Patna. He has more than 4 decades of experience in operation, service, strategic, marketing and customer relations in Insurance industry. He started his career in Life Insurance corporation of India and retired as its chairman. The Company has received notice in writing under the provisions of Section 160 of the Act, from a Member proposing candidature of Mr. Dinesh Kumar Mehrotra for the office of Non-Independent Non-Executive Director. The Company has also received a Declaration that he is not debarred from holding the office of Director by virtue of any order of the SEBI or any other such authority. The Nomination and Remuneration Committee (NRC) of the Board of Directors, on the basis of the report of performance evaluation, has recommended the appointment of Mr. Dinesh Kumar Mehrotra, as a Non-Executive Non-Independent Director for 3 years commencing from December 17, 2024, up to December 16, 2027 (both dates inclusive) and shall be liable to retire by rotation. Based on the recommendation of the NRC, and considering the reported of performance evaluation, Mr. Dinesh Kumar Mehrotra skills, vast experience and deep knowledge of the financial service industry and his contribution over the years as an Independent Director during his continuous association with the Company of the Company, the Board believes that Mr. Dinesh Kumar Mehrotra association as a Director on the Board of Directors of the Company would be of immense benefit to the Company. Accordingly, The Board approved and recommended to the members, the appointment of Mr. Dinesh Kumar Mehrotra as a Non-Executive Non-Independent Director of the Company on October 16, 2024, who shall be liable for retirement by rotation.