{"id":379809,"date":"2020-10-22T08:48:34","date_gmt":"2020-10-22T03:18:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379809"},"modified":"2020-10-22T09:07:21","modified_gmt":"2020-10-22T03:37:21","slug":"cg-power-shareholders-vote-to-declassify-gautam-thapar-as-promoter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-power-shareholders-vote-to-declassify-gautam-thapar-as-promoter\/","title":{"rendered":"CG Power shareholders vote to declassify Gautam Thapar as promoter"},"content":{"rendered":"<p>Shareholders of fraud-hit CG Power and Industrial Solutions Ltd have voted overwhelmingly to declassify sacked founder-chairman Gautam Thapar as a promoter and have reappointed Sudhir Mathur, who is leading the rescue of the company, as a director. <\/p>\n<p>At the company&#8217;s annual general meeting of shareholders, on October 19, held virtually, 99.99 per cent of the shareholders voted for &#8220;re-classification of the existing promoters and promoter group as public&#8221;, the firm said in a regulatory filing. <\/p>\n<p>Within days of the unearthing of the fraud involving siphoning off money raised using company assets as collateral, Thapar was removed by the company board on August 29, 2019. <\/p>\n<p>Thapar was the non-executive chairman of the company at that time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders of fraud-hit CG Power and Industrial Solutions Ltd have voted overwhelmingly to declassify sacked founder-chairman Gautam Thapar as a promoter and have reappointed Sudhir Mathur, who is leading the rescue of the company, as a director. At the company&#8217;s annual general meeting of shareholders, on October 19, held virtually, 99.99 per cent of the shareholders voted for &#8220;re-classification of the existing promoters and promoter group as public&#8221;, the firm said in a regulatory filing. Within days of the unearthing of the fraud involving siphoning off money raised using company assets as collateral, Thapar was removed by the company board [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-379809","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379809"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379809\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}