June 05, 2023 | |
To, | |
BSE Limited | National Stock Exchange of India Limited |
Corporate Relationship Department | Listing Departments, |
Phiroze Jeejeebhoy Towers | Exchange Plaza, 5th Floor, P. No. C/1, G Block |
Floor 25, Dalal Street, | Bandra-Kurla Complex, Bandra (East), |
Mumbai - 400001 | Mumbai - 400051 |
Scrip: 532478 | Scrip: UBL |
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015 - Appointment of Additional Director in Independent capacity
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we would like to inform you that the Board of Directors of the Company, upon recommendation of the Nomination and Remuneration Committee, has appointed Mr. Subramaniam Somasundaram (DIN:01494407) as an Additional Director of the Company in 'Independent Director' category. His appointment shall take effect from June 4, 2023.
Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule III of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, is as under:
Particulars | Details | |||
Reason for change viz., | : | Appointment | ||
appointment | ||||
Date of Appointment | : | Mr. Subramaniam Somasundaram has been appointed as an Additional | ||
and | Term | of | Director in Independent capacity (Independent Director) of the Company with | |
appointment | effect from June 4, 2023, for a period of 5 years. | |||
Brief Profile | : | Mr. S Subramaniam was the Chief Financial Officer (CFO) for the Titan Company | ||
Limited for over a decade till his superannuation in June 2021. During the stint | ||||
with Titan, he was also on the Board of its subsidiaries Caratlane Trading Private | ||||
Limited, and Titan Engineering and Automation Limited, and the Joint Venture, | ||||
Montblanc India Private Limited. He is currently Independent Director on the | ||||
Boards of Teamlease Services Limited, API Holdings Limited (Pharmeasy), | ||||
Honasa Consumer Limited (Mamaearth), Avanti Finance Private Limited and | ||||
Landmark Retail FZE (Dubai). | ||||
Before joining Titan, he was in the Telecom industry for over 11 years including | ||||
stints of CFO for BPL Mobile Group and Chief Executive Officer for BPL Mobile | ||||
operations in Mumbai. As CFO of the telecom verticals in Essar Group he | ||||
worked extensively in setting up its foray into greenfield telecom operations in | ||||
Africa. He started his career with ITC Limited in India and then had a stint with | ||||
Mannai Corporation, Doha. | ||||
Mr. S Subramaniam is a Chartered Accountant and Cost Accountant by | ||||
qualification with over 35 years of post-qualification experience in Finance, | ||||
Strategy and Business roles. |
Disclosure of relationships between directors
:
There are no inter-se relations between Mr. S Subramaniam and the other members of the Board.
A Press Release, being issued in this regard, is also enclosed.
You are requested to take the same on your record.
Thanking you,
Yours faithfully,
For UNITED BREWERIES LIMITED
Amit | Digitally signed by |
Amit Khera | |
Date: 2023.06.05 | |
__________________________ | |
Khera | 13:30:16 +05'30' |
AMIT KHERA
Company Secretary and Compliance Officer
Encl: As above
PRESS RELEASE
United Breweries Limited (UBL) appoints Mr. Subramaniam Somasundaram as
Independent Director
UBL today announced that Mr. Subramaniam Somasundaram has been appointed as an Independent Board Member of the Company with effect from June 4, 2023.
Mr. Subramaniam was the Chief Financial Officer (CFO) for Titan Company Limited for over a decade till his superannuation in June 2021. During the stint with Titan, he was also on the Board of its subsidiaries Caratlane Trading Private Limited and Titan Engineering and Automation Limited and the Joint Venture, Montblanc India Private Limited. He is currently Independent Director on the boards of Teamlease Services Ltd, API Holdings Ltd (Pharmeasy), Honasa Consumer Limited (Mamaearth), Avanti Finance Pvt Ltd and Landmark Retail FZE (Dubai).
Before joining Titan, he was in the Telecom industry for over 11 years including stints of CFO for BPL Mobile Group and Chief Executive Officer for BPL Mobile operations in Mumbai. As CFO of the telecom verticals in Essar Group he worked extensively in setting up its foray into greenfield telecom operations in Africa. He started his career with ITC Limited in India and then had a stint with Mannai Corporation, Doha.
Mr. Subramaniam is a Chartered Accountant and Cost Accountant by qualification with over 35 years of post-qualification experience in Finance, Strategy and Business roles.
We are delighted that Mr. Subramaniam is joining UBL as an Independent Director and will also Chair the Audit Committee. Mr. Subramaniam brings with him an outstanding track record of over 35 years in building, leading, and transforming finance functions of large corporate houses. His extensive finance and leadership experience make him a strong asset to the future growth of our business.
Date: June 5, 2023
Place: Bangalore
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United Breweries Limited published this content on 05 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2023 12:31:15 UTC.