Displaying items by tag: Shree Digvijay Cement
India: Jorge Alejandro Wagner has been appointed as an additional director of Votorantim’s subsidiary Shree Digvijay Cement. Sven Erik Oppelstrupp Madsen has retired as a director following his departure from the role as chief executive officer (CEO) of one of Votorantim’s subsidiaries in Spain
Wagner holds a Master of Sciences in Management (MBA) from Pardue University Indiana in the US and a mechanical engineering degree from the Universidad Nacional de mar del Plata in Argentina. He started working for Votorantim Cimentos in 2002 in Brazil, later becoming the CEO for Spain in 2012. Prior to working for Votorantim he held roles with Esso Sapa, the Argentinean subsidiary of Exxon Mobil, and McKinsey & Company.
Brazilian cement firms pay up over Indian acquisition infringements
30 September 2015India: Brazilian cement major Votarantim Cimentos, InterCement Austria Holding and Camargo Corrêa have settled a case with the Securities and Exchange Board of India (SEBI) for alleged violation of takeover protocols regarding Shree Digvijay Cement. They have paid over US$115,000 in settlement charges.
SEBI had initiated adjudication proceedings against the three companies over the violation of provisions Substantial Acquisition of Shares and Takeovers (SAST) regulations. It was alleged that the entities failed to comply with certain provisions of the SAST regulations while making an open offer for acquisition of 36.7 million shares, representing a 26% stake in Shree Digvijay Cement.
India: Shree Digvijay Cement has announced that the board of directors has appointed Suresh Meher as the company secretary and key managerial personnel under the Companies Act 2013, with effect from 1 July 2015. S N Malpani, present company secretary and compliance officer, relinquished his current position effective from the same date, though he will superannuate from Shree Digvijay Cement on 6 January 2016. The board also approved the appointment of Suresh Meher as compliance officer with effect from 1 July 2015.
Persio Morassutti appointed as director of Shree Digvijay Cement
25 February 2015India: Shree Digvijay Cement Company has reported that Persio Morassutti has been appointed as a director. He will replaces Osvaldo Ayres Filho following his resignation.
Osvaldo Ayres Filho resigns from Shree Digvijay Cement
14 January 2015India: Osvaldo Ayres Filho has resigned as a director from Shree Digvijay Cement Company. His resignation was effective from the close of business on 13 January 2015.