Latest News | GE Power India's Shareholders Approve Reappointment of Prashant Chiranjive Jain as MD

New Delhi, Jan 21 (PTI) GE Power India on Friday said its shareholders have approved the re-appointment of Prashant Chiranjive Jain as its managing director for a second term of five years, through the postal ballot.

"The members of the company, through remote e-voting on the items set out in the notice of postal ballot dated November 29, 2021,...have duly approved all the business as specified in that as per the Scrutinizer report issued on January 21, 2022," according to a BSE filing.

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Among others, the shareholders approved the resolution to re-appoint Prashant Chiranjive Jain as managing director of the company for a second term of five from April 17, 2022.

The members also approved the resolution about the payment of remuneration to Prashant Chiranjive Jain, the company's managing director, for a period of three years from FY 2021-22 to FY 2023-24 in case of no profits/ inadequate profits.

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They also approved the appointment of Shukla Wassan as an independent director of the company.

They have also approved the payment of remuneration to Yogesh Gupta, whole-time director and chief financial officer of the company, for a period of three years from FY 2021-22 onwards in case of no profits/ inadequate profits.

They also nodded for payment of commission/ remuneration to non-executive directors in case of inadequate profits/ no profits. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)