#SHOCKING REVELATION BY ANIL KUMAR CHAUDHARY, AN INDEPENDENT DIRECTOR OF KRBL LIMITED ON HIS RESIGNATIION

 #SHOCKING REVELATION  BY ANIL KUMAR CHAUDHARY, AN INDEPENDENT DIRECTOR OF KRBL LIMITED ON HIS RESIGNATIION  

A K Chaudhary, Independent Director of KRBL Limited has  cited in resignation letter as certain issues have persisted that, despite my earnest efforts to address them through constructive dialogue, continue to pose professional and ethical dilemmas.  

 

These include, among others:  

 

• Inconsistencies in the recording of Minutes of the Board and Committee Meetings  

 

• Instances of information being withheld, impacting informed decision-making 

 

 • Unjust write-off of certain export receivables without adequate deliberation  

 

• Concerns regarding the use of CSR funds 

 

 • Arbitrary distribution of Variable Pay and Annual Increments to Persons Holding Office or Place of Profit  

 

• Significant changes to the Object Clause undertaken without comprehensive discussion  

 

• Undue interference by the invitees in the proceedings of the Board and Committee Meetings. 

 

This kind of revelation is appreciable one as a whistle blower , the independent director has brought out all the discrepancies that is prevailing in the company. 

 

How SEBI and public are going to react to this –we have  to wait and see. 

 

R V SECKAR, FCS, LLB 79047 19295