People: Great Eastern Shipping Company Ltd (GESC.NS)
Mr. Ravi Kanaiyalal Sheth has been appointed as Non-Executive Director of the Company. He is no longer an Executive Director of the Company effective April 1, 2015. By virtue of the provisions of Section 260 of the Companies Act, 1956, read with Article 130 of the Articles of Association of the Company, Mr. Ravi K. Sheth would hold office only upto the date of the ensuing Annual General Meeting. The Company has received notice from a member under Section 257 of the Companies Act, 1956, with requisite deposit proposing the name of Mr. Ravi K. Sheth as a candidate for the office of Director of the Company. Mr. Ravi K. Sheth holds a Bachelors Degree in Commerce and is an Masters of Business Administration from USA (1985). With the appointment as Additional Director, the Board has also appointed Mr. Ravi K. Sheth as Wholetime Director designated as Executive Director. Mr. Ravi K. Sheth has over the years handled various functions like diversification projects, strategic investments / disinvestments and has been spearheading various strategic initiatives of the Company. He has been responsible for exploring new opportunities, in related and unrelated areas for the Company and shall be responsible for its implementation. Considering these aspects the Board appointed him as Wholetime Director designated as Executive Director for a period of 5 years with effect from January 30, 2006 on the terms and conditions as detailed in resolution. Mr. Ravi K. Sheth has been in the employment of the Company since July 1990 and has an overall experience of over 20 years.
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