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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nandan Cleantec | LSE:NAND | London | Ordinary Share | GB00B713ZZ63 | ORD 0.02P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNAND
RNS Number : 7178L
Nandan Cleantec plc
07 September 2012
7 September 2012
Nandan Cleantec plc
Appointment of Three New Non-Executive Directors
Nandan Cleantec plc ("Nandan" or the "Company"), a scaled vertically integrated biofuel producer is pleased to announce the appointment of three new non-executive directors, Kishore Gupta, Surendra Ajjarapu and Sandesh Pandhare with immediate effect. With these appointments, the Nandan Board's non-executive representation is expanded from 2 to 5.
Nandan operates in a wide range of jurisdictions. The rationale for these appointments is to further strengthen the international experience and talent of Nandan's Board as the Company looks to continue to deliver on its IPO commitment to cover more geographies outside of India.
Kishore Gupta was CEO & Director in SpiceJet Limited, a publically listed company in India from November 2000 till November 2010 where he had responsibilities in Finance, Legal and other operational functions. He is an Indian resident.
Surendra Ajjarapu has nearly two decades of experience in energy and infrastructure investments and has worked on several energy transactions in wind, hydro, biomass, waste-to-energy and cogeneration in the US and India. He has served on the board of directors of AE Biofuels, Inc (now called Aemetis), a US public company producing renewable chemicals and fuels using patented microbes and processes. He currently manages a private investment firm focused on opportunistic investing in the energy and natural resources sectors. He is a US resident.
Sandesh Pandhare has over 20 years of experience in the global private equity and investment management industry. He manages a global portfolio of companies in diverse sectors that include alternative energy. He is currently Head of Private Equity at Istithmar World the investment arm of Dubai World which is 100% owned by the Government of Dubai. Istithmar World is a substantial shareholder in Nandan. He is a resident of the UAE.
On confirming the appointments Srinivas Prasad Moturi, Chairman of Nandan, said:
"I would like to welcome Kishore, Surendra and Sandesh to the Board of Nandan and I look forward to working with them. They will bring valuable perspectives to the business going forward as well as being a helpful link between our Indian executive team and our UK resident non-executives, bringing with them a wealth of knowledge.
"Kishore has strong corporate governance credentials from his time at SpiceJet. Surendra and Sandesh have key relationships that may help Nandan to access capital from the US and Middle East Asia in the future to further expand the business."
Disclosures under AIM Rule 17
Kishorkumar Somnath Gupta, age 52, is or has been a Director of the following companies during the previous five years:
Current Directorships Past Directorships -------------------------------- ------------------------- Royal Holdings Services Limited SpiceJet Limited (India) (US) -------------------------------- -------------------------
Surendra Kumar Ajjarapu, age 42, is or has been a Director of the following companies during the previous five years:
Current Directorships Past Directorships --------------------------------- ------------------------------ Pinnacle Tek Inc (US) Innovative Systems Inc (US) --------------------------------- ------------------------------ Connor Information Technology E8 Capital LLC (US) Inc (US) --------------------------------- ------------------------------ Universal Biofuels Private Global IT Holdings Corp (US) Limited (India) --------------------------------- ------------------------------ Connor Information Technology Global Exim Inc (US) Limited (India) --------------------------------- ------------------------------ Bhanodaya Energy Private Limited (India) --------------------------------- ------------------------------ Suvarna Renewable Energy Private Limited (India) --------------------------------- ------------------------------ DVR Bhanodaya Energy Private Limited (India) --------------------------------- ------------------------------
Surendra Ajjarapu was previously Vice President of Global Information Technology Inc, a business providing Information Technology Services. In 2001 through Chapter 11 insolvency the Company was put through a voluntary reorganisation which it came out of in 2003.
Sandesh Arvind Pandhare, age 46, is or has been a Director of the following companies during the previous five years:
Current Directorships Past Directorships ----------------------------------- --------------------------------- Bali Ventures Limited (UAE) Bumrungrad International Ltd (Thailand) ----------------------------------- --------------------------------- Barneys Inc (US) Designer Apparel Holding Company (US) ----------------------------------- --------------------------------- Barneys New York Inc (US) Loehmann's Holding Inc. (US) ----------------------------------- --------------------------------- BNY Licensing Corp (US) Diyafa World Limited (UAE) ----------------------------------- --------------------------------- Istithmar Barneys Asia Acquisition ESPA International (UK) Limited FZE (UAE) (UK) ----------------------------------- --------------------------------- Istithmar Bentley Cayman Ltd Gulf Stream Asset Management (Cayman Islands) LLC (US) ----------------------------------- --------------------------------- Istithmar Bentley Holding Co IWFS VIII Limited (UAE) (US) ----------------------------------- --------------------------------- DW CP Holding Inc. (Canada) ----------------------------------- --------------------------------- DW Entertainment FZCO (UAE) ----------------------------------- --------------------------------- Education Media and Publishing Group Ltd (Cayman Islands) ----------------------------------- --------------------------------- EMPG International Limited (Cayman Islands) ----------------------------------- --------------------------------- Istithmar Education Corp. (Cayman Islands) ----------------------------------- --------------------------------- Istithmar Education International Limited (UAE) ----------------------------------- --------------------------------- Inchcape Shipping Services World Ltd (Cayman Islands) ----------------------------------- --------------------------------- Istithmar World Investment Management (Dubai) Ltd (UAE) ----------------------------------- --------------------------------- IWFS X Limited (Cayman Islands) ----------------------------------- --------------------------------- Overbrook LLC (UAE) ----------------------------------- --------------------------------- Gulf African Bank (Kenya) ----------------------------------- --------------------------------- S Chand Harcourt (India) ----------------------------------- ---------------------------------
Sandesh Pandhare was a director of Loehmann's Holdings Inc and Designer Apparel Holding Company. These were Delaware companies and entities within the Loehmann's group of companies. On 15 November 2010 the shareholders of the Loehmann's chain of department stores filed for bankruptcy protection as part of a pre-pack bankruptcy plan, which became effective on 1 March 2011. As a result shareholders and creditors agreed to a $20m write-off on the $110m in long term bonds. Sandesh Pandhare resigned from the board on exit from bankruptcy.
There is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
For further information:
Nandan Cleantec plc Srinivas Prasad Moturi Tel: +91 40 6550 7799 Arden Partners plc Steve Douglas Tel: 020 7614 5917 FTI Consulting Matt Dixon / Emma Appleton Tel: 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
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