Atul Ltd 100 Annual Report 2023-24 f) The Directors are at liberty to appoint more than one Whole-time Director. g) A notice period of six months or payment in lieu thereof will be applicable from either side. The Board considers that the association of Mr Gopi Kannan will be of immense benefit to the Company. Accordingly, the Board recommends the resolution in item number 4 in the Notice in relation to the reappointment of Mr Gopi Kannan as a Whole-time Director for three years for approval by the members as an ordinary resolution. Memorandum of interest The nature of the concern or interest of Mr Gopi Kannan, Whole-time Director, is that the above resolution pertains to his agreement with the Company and he will be receiving the remuneration as stated therein, if approved. None of the other Directors or Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the said resolution. Item number 5 The Board on the recommendation of the Nomination and Remuneration Committee, appointed Mr Praveen Kadle as an Additional Director effective May 01, 2024. Subject to the approval of the members, the Board also appointed Mr Kadle, as an Independent Director for a term of five consecutive years from May 01, 2024 to April 30, 2029. His brief résumé is as under: Name Mr Praveen Kadle Date of birth January 21, 1957 Brief résumé Mr Praveen Kadle joined the Company on May 01, 2024. He is a Member of the Audit Committee of the Board. Mr Kadle has about three decades of experience in finance, management, legal, merger and acquisition, and strategic planning. He held various senior positions in Tata Group and served as the Founding Managing Director of Tata Capital Ltd for almost a decade and as an Executive Director (Corporate Affairs) and Chief Financial Officer of Tata Motors Ltd. He is the Managing Director of Prachetas Capital Pvt Ltd and a Non-executive Director of Tata International Ltd. Mr Kadle holds a degree in Commerce from the University of Mumbai. He is a Member of the Institute of Chartered Accountants of India, the Institute of Cost and Management Accountants of India and the Institute of Company Secretaries of India. Directorship in other companies Public companies Digvi Torqtranfer System Ltd John Cockerill India Ltd Persistent Systems Ltd Tata International Ltd Tide Water Oil Company India Ltd Private companies Beam Global Spirits and Wine (India) Pvt Ltd Garware Fulflex India Pvt Ltd International Asset Reconstruction Company Pvt Ltd Prachetas Capital Pvt Ltd, Managing Director Quantum Advisors Pvt Ltd Shankarmahadevan World of Arts Pvt Ltd Membership in committees of other companies Chairman of committees Digvi Torqtranfer System Ltd – Stakeholders Relationship Committee Persistent Systems Ltd – Audit Committee Persistent Systems Ltd – Investment Committee Persistent Systems Ltd – Risk Management Committee Tata International Ltd – Risk Management Committee
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