The Industrialist And Strategic Expert Rajeev Jhawar Reappointed For The Next 5 Years As Usha Martin’s Managing Director

Rajeev Jhawar Usha Martin’s MD, was reappointed for the next five years in the most recent notification of a change in the membership of the board pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 

Rajeev Jhawar is an Indian industrialist with more than 30 years of experience in strategic management. He started there as a Senior Vice President (Commercial), and in 1998, Usha Martin Limited appointed him as Managing Director.

Rajeev Jhawar-Managing Director at Usha Martin

Mr. Rajeev Jhawar's [DIN: 00086164] re-appointment as managing director is for a term of five years beginning on May 19, 2023, and is subject to the necessary legal clearances. Usha Martin Limited announced the change based on the board of directors' recommendation to the Nomination and Remuneration Committee at their meeting on Thursday, April 27, 2023.

The intimation of change also reports the other changes in the composition of the board, such as, re-appointment of Mr. Vijay Singh Bapna [DIN: 02599024] as Independent Director (Non-Executive) for a second term of five consecutive years effective from 27^th May 2023, appointment of Mr. Sumit Kumar Modak [DIN: 00983527] as Whole Time Director for term of five years effective from 27^th April 2023, appointment of Mr. Tapas Gangopadhyay [DIN: 10122397] as Non-Executive Director effective from 27th April 2023 and acceptance of resignation of Mr. Devadip Bhowmik [DIN: 08656505] from the office of Whole-Time Director due to personal reasons with immediate effect.

A brief profile of the appointees was also enclosed with the intimation for recording purposes. The notification is made by Usha Martin Limited for the note of The Secretary of The BSE Limited, The Secretary of National Stock Exchange of India Ltd and Societe de la Bourse de, Luxembourg.