Managing Director, Vijay Shanthi Builders Limited
Born on 14th December 1964, Shri. Chandan Kumar, is a graduate with more than two decades of exposure to construction industry. He completely handles project execution, contract management, material purchased, quality issues and delivery of flats to its customers. He heads a team comprising of engineers and thus he is in full knowledge of brick by brick development of the projects executed by the Company.
He is a First Director of the Company and one of the Promoters of the Company. He holds 4,983,600 shares of the Company as on 31.03.2013 and is also related to Mr. Suresh Kumar, Managing Director, being his younger brother. He is a Joint Managing Director of Darshan Housing and Infrastructure Limited and is a director of Vijay Shanthi Developers Private Limited. However he does not receive remuneration from both these companies.
Shri Chandan Kumar was re – appointed as Joint Managing Director in the Annual General Meeting held on 27th September 2010 for a period of 3 years commencing from 1st January 2010 and the said appointment expired on 31.12.2012. Subsequently on 14th February 2013 the Board in meeting re-appointed Mr. Chandan Kumar as the Joint Managing Director for a period of three years commencing retrospectively from 1st January 2013 on the terms more detailed in the resolution and same has been approved by the remuneration committee of the Board. The said appointment is subject to the approval of shareholders in the annual general meeting. During his tenure as Joint Managing Director the company had identified more number of projects and the constructed space had increased substantially, contributing to both top line and bottom line of the company.
The terms as set out in the resolution may be treated as an abstract of terms under section 302 of Companies Act 1956. Shri. Suresh Kumar and Shri. Chandan Kumar are interested in the resolutions and no other Director is concerned or interested in the resolutions. The Board of Directors recommends the above as a special resolution for your approval.