Goenka Group’s CESC looks to tweak the company’s AoA
March 12, 2021
CESC reported a 25% on-year rise in consolidated net profit - istock.com/Ilya Burdun×
Alteration will increase number of directors to 15
RP-Sanjiv Goenka Group flagship, CESC Ltd, is looking at an alteration in the Articles of Association (AoA) of the company. The alteration will enable an increase in the maximum number of directors to 15, up from the present 10.
According to company sources, this is an “enabling provision” which has been “recommended” keeping in mind the “size of the operations of the company” and the large number of subsidiaries.