Larsen & Toubro on Saturday said its board has approved a proposal to re-appoint A.M. Naik as the non-executive chairman for a period of three years from October 1, 2020,
Naik’s present tenure is scheduled to end on September 30 at the engineering and construction conglomerate.
In a regulatory filing to the stock exchanges, L&T disclosed that its board also gave its approval to extend the tenure of wholetime director Dip Kishore Sen.
“The board of directors at its meeting held on June 5, based on the recommendation of the nomination and remuneration committee and subject to necessary approvals of the shareholders of the company, has approved the… proposals for the re-appointment of directors, whose present tenures are ending on September 30, 2020,” L&T said in the filing.
