Hindustan Composites Limited at its Board Meeting held on 30th June, 2023 announced Appointment of Mr. Vinay Sarin as an Additional Director of the Company (Non-Executive Non-Independent) with effect from 1st July, 2023, who shall hold office upto the date of upcoming Annual General Meeting of the Company. Appointed Mr. Ravi Vaishnav as Company Secretary and Compliance Officer of the Company with effect from 30th June, 2023. Mr. Vinay Sarin is a Senior Management Professional with about 55 years of diversified experience in both the Consumer, Engineering & the Automobile Industry. He is a Postgraduate with a Masters in Marketing Management and has held senior positions in Sales & Marketing and Business Development during his career during which he has travelled extensively both in India and overseas. He has many years of experience in negotiating with Joint Venture partners and has a successful track record in facilitating overseas JV partnerships and technical collaborations.
He is very familiar with the friction materials manufacturing Industry both in India & Overseas and has visited and studied "best in class" manufacturing practices followed in nearly all the large reputable friction material companies worldwide. He has been
associated with the Company since many years and has served the Company in many capacities from time to time. Presently, Mr. Sarin is a director of Compo Advics (India) Pvt. Ltd. and works closely with the Company's Japanese partners, Advics India Pvt. Ltd., the Indian subsidiary of ADVICS Company Ltd., Japan, the world's third larger brake company and which is owned by Toyota, Aisin Seiki, Denso Corporation & Sumitomo Electric Industries. Mr. Ravi Vaishnav is a B. Com, LLB and an associate member of the Institute of Company Secretaries of India. He has more than 9 years of experience in managing Company Secretarial and Corporate legal matters.