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Motilal Oswal Financial Services Ltd appoints Mr. Chandrashekhar Karnik as additional director

Posted On: 2020-09-12 01:33:48

The Board of Directors of Motilal Oswal Financial Services Ltd ('the Board') on September 12, 2020, has approved the appointment of Mr. Chandrashekhar Karnik (DIN : 00003874) as Additional Director (Independent Director) on the Board of the Company w.e.f. September 16, 2020 for the term of 3 years i.e. to hold office from September 16, 2020 up to September 15, 2023, subject to approval of the shareholders at the ensuing General Meeting and approvals of all the stock exchanges, where Company is Broking Member.

Mr. Chandrashekhar Karnik, after completing his Bachelor of Science from Bombay University, has done Post Graduation in Business Management. He also holds Post Graduate Diploma in Industrial Relations and Personnel Management. In addition to this, he possesses degree in law with specialisation in Labour Welfare.

He retired as a Director-Human Resources of the Forbes Group.

He is a Business focussed and strategic HR leader with over 43 years of experience across different industry sectors and verticals in the areas of Human Resource Management.

He has worked with corporates such as Forbes & Company Ltd., Hotel Corporation of India Ltd., FER Electricals Ltd. and Bombay Oxygen Corporation Ltd.

In an executive role, he was responsible for leading diverse and multicultural teams in a widely diversified Group. In these situations, he had intense involvement in strategic business decision making, planning as well as execution with regard to diversification, restructuring of businesses etc.

He has served as a Non-Executive Director on the Boards of numerous Forbes Group Companies & has vast experience of handling Board level assignments.

Mr. Karnik is a Certified Leadership Coach. He is a Board Member and Advisor to several companies, institutions, businesses and entrepreneur families. He is also Member, Board of Governors of a leading Private University.

Currently, he is actively engaged in (a) family business consulting, (b) coaching and mentoring of CEO/CXOs and (c) advising companies on strategic HR matters.

He held Chairmanship of Human Resource Committees of number of Management Organisations such as Employer's Federation of India, Bombay Chamber of Commerce & Industry etc.

He was Employer's Representative on the National Medical Benefit Council of Employees' State Insurance Corporation (ESIC).

Mr. Karnik is a Life member of National Institute of Personnel Management (NIPM) & National Human Resource Development Network (NHRD).

The Board on September 12, 2020, has also accepted the resignation tendered by Mrs. Rekha Shah (DIN: 07072417), due to increased work commitments, as an Independent Director of the Company w.e.f. October 1, 2020 and accordingly Mrs. Shah will cease to be an Independent Director w.e.f. October 1, 2020.

Shares of MOTILAL OSWAL FINANCIAL SERVICES LTD. was last trading in BSE at Rs.650 as compared to the previous close of Rs. 656.5. The total number of shares traded during the day was 63025 in over 395 trades.

The stock hit an intraday high of Rs. 664.65 and intraday low of 650. The net turnover during the day was Rs. 40972877.

Source: Equity Bulls

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