Saint Gobain Sekurit MD resigns

Automotive glass manufacturer Saint Gobain Sekurit India has announced that Sreeram Srinivasan has resigned from his position of managing director and director of the company as of 11 June 2011.
The …

Automotive glass manufacturer Saint Gobain Sekurit India has announced that Sreeram Srinivasan has resigned from his position of managing director and director of the company as of 11 June 2011. The company informed the Bombay Stock Exchange (BSE) that its board of directors now includes Chairman Anand Mahajan, M. G. Ramakrishna and Padmanabha Shetty. The reasons for Srinivasan“s exit from the company were not specified. The company said that its promoters Saint Gobain Glass India Ltd. and French parent firm Saint-Gobain Securit SA France had decided to delist the company from the BSE in May. The promoters had agreed to buy-back publicly held shares of the company, constituting 14.23% of the outstanding equity capital, as per the SEBI rules to effect delisting.