The Board of Directors of Gruh Finance Ltd has at its meeting held today, appointed Shri Pankaj Patel (DIN: 00131852) as an Independent Director of the Company w.e.f. March 16, 2017, subject to approval of shareholders in the forthcoming AGM.
The Board also approved the re-appointments of the following Directors w.e.f. April 1, 2017, subject to approval of shareholders in the forthcoming AGM:
1. Shri Prafull Anubhai (DIN: 00040837) as an Ind.ndent Director;
2. Shri S.G. Mankad (DIN: 00086077) as an Independent Director;
3. Shri Sudhin Choksey (DIN: 00036085) as Managing Director; and
4. Shri Kamlesh Shah (DIN: 03092230) as Executive Director.
The current tenure of Shri Rohit C Mehta (DIN: 00050173) and Shri S M Palia (DIN: 00031145) as Independent Directors is upto March 31, 2017. These Directors will step down as Independent Directors on completion of their term.
Shares of GRUH FINANCE LTD. was last trading in BSE at Rs.365.65 as compared to the previous close of Rs. 367.8. The total number of shares traded during the day was 45573 in over 586 trades.
The stock hit an intraday high of Rs. 370.7 and intraday low of 365. The net turnover during the day was Rs. 16736009.