GPT Infraprojects board elevates Atul Tantia to Joint MD & CFO; Om Tantia appointed as new chairman
On September 24, the major of the president of Dwarika Prasad Tantia, the president of the GPT InfraProjects company GPT infrastructure company, announced the important board of directors reorganization and governance update on September 24 after the sudden death of Dwarika Prasad Tantia. The Council expressed the condolences and rapidly acted to achieve leadership continuity and regulatory adaptation. Take a look at the basic decisions and updates:
Leadership Changes
Om Tantia, a supporter and experienced medical expert with more than 41 years of experience, was appointed as the new president. He is the founding member of ILS Hospital and played an important role in the strategic aspect of the group.
Previously, Executive Director and Chief Finance Director (CFO) Atul Tantia was promoted to joint general manager and CFO. Atiul Tantia, a Wharton graduate for more than 20 years in infrastructure and finance, is the director and the brother of Coo Vaibhav Tanti.
In the BSE file, it is subject to the shareholder approval of these appointments and follows suggestions from the company’s nomination and wage committee and audit committee.
Governance revision
The Board approved the adoption of a new agreement (MOA) and association articles (AOA), the basic documents defining the targets, powers and internal rules of the company.
The new MOA and AOA are updated to comply with the 2013 Company Law by replacing the old law -based versions of 1956.
Key changes include the company’s objectives, member responsibility and capital structure. For example, authorized stock capital is now La130 CRORE, 13 CRORE Stock shares LaEach 10.
Updated AOA, the company’s operations are compatible with the developing corporate governance norms, including the latest legal and regulatory standards.
Committee reconstruction
With the leadership changes, the corporate social responsibility (CSR) Committee has been reconstructed. Om Tantia will chair the committee attended by Shree Gopal Tantia and Arun Kumar Dokania.
Waiver: Some parts of this story are produced from AI
