{"id":379900,"date":"2020-10-22T11:05:55","date_gmt":"2020-10-22T05:35:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379900"},"modified":"2020-10-22T11:05:55","modified_gmt":"2020-10-22T05:35:55","slug":"cg-power-shareholders-vote-to-declassify-thapar-as-promoter-re-appoint-mathur-as-director-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-power-shareholders-vote-to-declassify-thapar-as-promoter-re-appoint-mathur-as-director-2\/","title":{"rendered":"CG Power shareholders vote to declassify Thapar as promoter, re-appoint Mathur as director"},"content":{"rendered":"<p>New Delhi: Shareholders of fraud-hit CG Power and Industrial Solutions Ltd NSE 1.20 % 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.<\/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","protected":false},"excerpt":{"rendered":"<p>New Delhi: Shareholders of fraud-hit CG Power and Industrial Solutions Ltd NSE 1.20 % 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 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-379900","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379900","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379900"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379900\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}