Marsons: Announcement under Regulation 30 (LODR)-Change in Management

We would like to inform you that pursuant to an Order passed by the National Company Law Tribunal (NCLT) Kolkata Bench on 09.05.2019 in the matter of Company Petition (IB) No. 628/KB/2018 alongwith CA (IB) Nos. 366/367/KB/2019 (RITESH MORE Vs MARSONS LIMITED) the following are hereby appointed as the Directors of the Company by the Resolution Applicant w.e.f 31.05.2019.

1.Mr. Subhash Kumar Agarwala
2. Mr. Rajesh Kumar Agarwal
3. Mr. Binay Kumar Agarwal

The existing Board comprising of the following 3 Directors is hereby dissolved and therefore they have submitted their resignation from the directorship of the Company w.e.f 31.05.2019 as per the NCLT order.

1.Mr. Akhilesh Kotia- Chairman
2.Ms. Uttara Sharma- Independent Director
3.Mr. A.S. Pillai- Managing Director

Since the Resolution Plan specifically mentioned the appointment of 3 no. of directors in the Board at the present stage therefore they are duly appointed and Independent Directors and other KMPs as required under the provisons of SEBI (LODR) Regulations 2015 and Companies Act 2013 shall be appointed in the future course of time.