Windsor Machines Limited Reappoints Vinay Bansod as CEO
Mumbai, India - Windsor Machines Limited has announced the reappointment of Mr. Vinay Bansod as the Executive Director and Chief Executive Officer (CEO) of the company. The decision was made during the board meeting held on July 30, 2024. Mr. Bansod will continue to lead the company for an additional three years, from May 13, 2024, to May 12, 2027.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board of directors of Windsor Machines Limited has approved the reappointment of Mr. Vinay Bansod. This decision was based on the recommendation of the Nomination and Remuneration Committee.
Key Points:
The reappointment of Mr. Bansod is subject to approval through a postal ballot process, with voting conducted electronically. The e-voting period will commence on July 31, 2024, at 9:00 AM IST and end on August 30, 2024, at 5:00 PM IST.
Mr. Vinay Bansod, a seasoned professional with over 29 years of experience, has been instrumental in strategic planning and execution, cost optimization, technology transfers, and development within the company. He has been associated with Windsor Machines Limited since February 2011.
Educational Background:
During his tenure as the CEO, Mr. Bansod has contributed significantly to the company’s growth. Under his leadership, the company reported a net profit of Rs. 3.42 crore for the financial year ended March 31, 2024.
Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
---|---|---|---|
Gross Turnover & Other Income | 342.56 | 353.11 | 339.35 |
Net profit/(loss) after tax | 3.42 | 16.84 | 13.78 |
Net Worth | 295.98 | 299.42 | 289.54 |
E-Voting Details:
The company has appointed Ms. Rama Subramanian, a Company Secretary in Practice, to scrutinize the postal ballot and e-voting process.
Steps for E-Voting:
The reappointment of Mr. Vinay Bansod is a strategic move by Windsor Machines Limited to ensure continued leadership and growth. Shareholders are encouraged to participate in the e-voting process to approve the reappointment and support the company's ongoing success.
For further information, visit the company’s website at www.windsormachines.com.
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