The Board of the Company has appointed various committees to assist it in discharging its functions and as per requirement of the Companies Act 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (the Listing Regulations).
This is to disclose you that Mr. Tapan Mitra, Independent Director of the Company has resigned from the Directorship of the Company with effect from February 25, 2016 for health reasons.
This is to disclose that Dr. Subhash Chandra, Director and Chairman of the Company has tendered his resignation with effect from August 05, 2016. Dr. Chandra’s resignation is keeping in view his becoming member of Rajya Sabha and therefore his wish for serving the nation.
EPL believes in adopting the Best Global Practices in the area of Corporate Governance by following a principle of full transparency and accountability, thereby protecting the interests of all its stakeholders.
The Board considers itself a Trustee of all Shareholders and acknowledges its responsibilities to the Shareholders for creating and safeguarding their wealth. During the year under review, the Board continued its pursuit of achieving these objectives through the adoption and monitoring of corporate strategies, prudent business plans, monitoring of major risks in business, and ensuring that we pursue policies and procedures to satisfy its legal and ethical responsibilities.