V-Guard Industries Limited Announces Board Changes, Effective April 1, 2020
March 16, 2020 at 04:31 am
Share
V-Guard Industries Limited at its board meeting held on March 16, 2020, approved the appointment of Mr. Jayaraj Balakrishnan as an Additional Director (Non-Executive, Non-Independent) on the Board of the Company, effective from April 1, 2020 and designated Mr. Cherian N Punnoose, Non-Executive Independent Director, as the Chairman of the Board effective from April 1, 2020. Mr. Jayaraj has been associated with V-Guard group for more than three decades and serving as Executive Director of Veegaland Developers Pvt. Ltd., since 2010. Mr. Cherian N. Punnoose, a Fellow member of Institute of Chartered Accountants of India, joined V-Guard Industries Ltd. as Independent Director in 2012. He is presently the Vice Chainnan of the Board and member of the Audit, Nomination & Remuneration, Stakeholder Relationship and CSR Committee of the Board as well.
V-Guard Industries Limited is an India-based company, which is engaged in manufacturing, trading and selling electronic products. The Company operates through four segments: Electronics, Electricals, Consumer Durables, and Sunflame. Electronics include stabilizers, digital uninterruptible power supply (UPS) and solar inverters. Electricals include Polyvinyl Chloride (PVC) insulated cables, switch gears, pumps and modular switches. Consumer Durables include electric water heaters, solar water heaters, fans, kitchen appliances and air coolers. Sunflame includes products sold under the trademark Sunflame and Superflame. Its products include voltage stabilizers, inverters, inverter batteries & ups, electric, solar & heat pump, water heaters, wires & cables, fans, kitchen appliances, solar power system, pumps, domestic switch gears, modular switches, air coolers, water purifiers and water purifiers. Its product range of fans includes ceiling fans, table fans, pedestal fans, and wall fans.