공고 • Oct 11
Navkar Corporation Limited Announces Change in Management
The board of directors of Navkar Corporation Limited at its meeting held on October 11, 2024, Approved the appointment of following Directors to the board of directors of the Company with effect from October 11, 2024, pursuant to the transfer of ownership of the equity shares held by the promoter & promoter group of the Company to JSW Port Logistics Private Limited, pursuant to the share purchase agreement dated June 27, 2024 between the Company, the promoter and promoter group of the Company and JSW Port Logistics Private Limited: Mr. Rinkesh Roy as an Additional Director in the capacity of Chairman (Non-Executive & Non-Independent Director; Mr. Lalit Singhvi as an Additional Director in the capacity of Non- Executive & Non-Independent Director; Mr. Manish Gupta as an Additional Director in the capacity of Non- Executive & Non-Independent Director; and Mr. Karun Kant Dave as an Additional Director in the capacity of Non-Executive & Non-Independent Director. Took note of the resignation of following directors with effect from close of business hours of October 11, 2024 due to transfer of ownership of the equity shares held by the promoter & promoter group of the Company to JSW Port Logistics Private Limited, pursuant to the share purchase agreement dated June 27, 2024 between the Company, the promoter and promoter group of the Company and JSW Port Logistics Private Limited, and the consequent cessation of promoter & promoter group's control over the Company. Mr. Shantilal J. Mehta, Chairman & Managing Director; Mr. Nemichand J. Mehta, Whole-Time Director; Mr. Jayesh N. Mehta, Whole-Time Director; Mr. Dinesh Mohanlal Jain, Whole-Time Director. Date of Appointment: October 11, 2024. Mr. Roy aged 54 years, holds Master's Degree in Public Management from Kennedy School of Government - Harvard University, USA & Lee Kuan Yew School of Public Policy - Fellowship, National University of Singapore -2013 and is also a Bachelor of Arts (Economics Honors) - securing first rank from Utkal University - India in 1990. He was appointed as a President of the Company with effect from August 1, 2024. He was previously associated with Government of India since 1992 as an IRTS officer and has an experience of over 30 years in railway operation, shipping, ports and logistics. During this stint, he also held position of Chairman for the major ports like Paradip, Vishakhapatnam, Tuticorin and Kamrajar for various durations, He also held position of the Chairman of Dredging Corporation of India. He participated in an UNCTAD course in Dublin, Ireland and was part of several high- level delegations to the UK, Spain, Denmark, South Korea and Russia. He was awarded with the Minister of Railway Award for ‘Outstanding Service’ in 2003 and General Manager Award for ‘Meritorious Service’ in 2005. Apart from driving operational and managerial efficiency in port operations, he spearheaded the infrastructure development to enhance the quality of life of the port employees and various communities living around the port. Mr. Lalit Chandanmal Singhvi, aged 61 years. He holds a bachelor's degree in commerce (honours) from University of Jodhpur and is a fellow member of the Institute of Chartered Accounts of India. He has been associated with JSW Infrastrcuture limited since January 15, 2015 as senior vice president - finance and commercial. He has previously been associated with Shree Shubham Logistics as a president - commercial, Sterlite Industries (India) Limited as a chief executive officer for Fujairah Gold FZE, Suhail Bahwan Group (Holding) LLC as a general manager (finance). He has significant years of experience in the areas of management and finance. Mr. Manish Gupta brings over 33+ years of diversified experience in P&L Management, General Management, Strategy formulation and execution, Marketing and Commercial Management, Project Management, Supply Chain Management in automotive sector and Ports. He has worked in various supply chain related assignments with Indian and global companies based out of India. Over the last seven years, Manish has been managing P&L as CEO & director in Vizag General Cargo Berth (Vedanta Ltd) and Unit head in Paradip terminals (JSW Infrastructure). Mr. Gupta is a production engineer from Sardar Patel University, Gujarat. Mr. Karuna Kant Dave working with JSW Infrastructure from last 3.5 years and heading 3 Ports Jaigarh Dharamtar & PNP Ports Having cumulative handling capacity of 94 MMT situated at west coast of India. Prior to JSW worked as Mining professional for 31 years for all type of mining & minerals with all big miners in India for all lifecycle phases of mine. He has completed his Executive Development Program from ‘The Wharton School’, Aresty Institute of Executive Education, University of Pennsylvania. MBA (Marketing), from IGNOU and B.E. (Mining) from MBM Engineering College, University of Jodhpur. Date of cessations: With effect from closing hours of October 11, 2024. Composition of Committees of Navkar Corporation Limited: Previous Composition: Audit Committee: Mr. Ashok Kumar Thakur – Chairman; Ms. Pooja Hemant Goyal – Member; Mr. Nemichand J. Mehta – Member; Changed Composition: Mr. Ashok Kumar Thakur - Chairman; Ms. Pooja Hemant Goyal - Member; Mr. Lalit Singhvi - Member. Previous Composition: Stakeholders' Relationship Committee: Mr. Ashok Kumar Thakur - Chairman; Ms. Pooja Hemant Goyal - Member; Mr. Shantilal J. Mehta – Member; Mr. Sandeep Singh-Member. Changed Composition: Stakeholders' Relationship Committee: Mr. Ashok Kumar Thakur - Chairman; Ms. Pooja Hemant Goyal - Member; Mr. Sandeep Singh-Member; Mr. Manish Gupta - Member. Previous Composition: Corporate Social Responsibility Committee: Ms. Pooja Hemant Goyal - Chairman; Mr. Shantilal J. Mehta- Member; Mr. Nemichand J. Mehta – Member; Mr. Sandeep Kumar Singh-Member. Changed Composition: Corporate Social Responsibility Committee: Ms. Pooja Hemant Goyal - Chairman; Mr. Sandeep Kumar Singh-Member; Mr. Manish Gupta - Member; Mr. Lalit Singhvi – Member. Previous Composition: Finance And Operation Committee: Mr. Jayesh N. Mehta – Chairman; Mr. Shantilal J. Mehta – Member; Mr. Nemichand J. Mehta – Member; Mr. Dinesh Jain-Member. Changed Composition: Finance And Operation Committee: Mr. Manish Gupta-Chairman; Mr. Lalit Singhvi-Member; Mr. Karun Kant Dave-Member. Previous Composition: Risk Management Committee: Mr. Atul Kumar- Chairman; Ms. Pooja Hemant Goyal - Member; Mr. Jayesh N. Mehta – Member; Mr. Nemichand J. Mehta – Member. Changed Composition: Risk Management Committee: Mr. Atul Kumar- Chairman; Ms. Pooja Hemant Goyal - Member; Mr. Manish Gupta - Member.
