Star Cement has received a Special Notice from a shareholder of the Company, who holds more than 10% of the total Paid-up share capital of the Company for the removal of Rajendra Chamaria from the office of the Director of the Company under section 169 of the Companies Act, 2013, according to the Star Cement’s exchange filing.
Section 169 of the Companies Act, 2013 outlines the framework for the removal of directors.
The company received a resolution requiring special notice under Section 115 of the Companies Act, 2013.
The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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