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Maytas Infra gets govt-appointed chairman

Maytas Infra gets govt-appointed chairman
PTI
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First Published: Thu, Apr 09 2009. 03 35 PM IST
Updated: Thu, Apr 09 2009. 03 35 PM IST
Mumbai: Maytas Infra, the company promoted by the kin of disgraced founder of Satyam, B Ramalinga Raju, today said it has appointed K Ramalingam and Anil K Agarwal as directors on the board of the company.
In a filing to the Bombay Stock Exchange, Maytas said Ramalingam would also be the Chairman on its board.
“Maytas Infra have received the copy of order issued by the Ministry of Corporate Affairs, confirming the appointment of Ramalingam and Agarwal as Directors on the board,” it said.
Ramalingam, a former chairman of Airport Authority of India (AAI), is a Chennai-IIT engineering graduate and has also served on boards of Indian Airlines and Air India. Agarwal, president of Cosmos Group, headed the industry chamber Assocham in 2006.
The government had last month appointed noted tax lawyer O P Vaish and past president of Institute of Chartered Accountants of India Ved Jain on the board of Maytas Infra following an order by the Company Law Board (CLB).
The CLB had directed the government to appoint four directors on the board of Maytas Infra after the government sought authorisation of the CLB to supersede the boards of Maytas Infra and Maytas Properties to prevent mis-management and enable transparency in their functioning.
Shares of Maytas Infra were trading at Rs40.65, up 4.90% in the late afternoon trade on the BSE.
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First Published: Thu, Apr 09 2009. 03 35 PM IST