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Reply to MD (I/C) CRCL’s letter dated CRCL/Reply on Obs.

/2020-21/778 dated 10 July 2020


sent vide EMAIL dated 10 July 2020 Timestamped 19:26

Herein, the reply contains two portions wherein you have pointed out the following: -
1. Undersigned while being present in the 12 th BOD Meeting, why no objection was raised
during the meeting (regarding Sri Alok Misra’s comments/ correspondence as WTD with
other directors)
2. Undersigned has stalled the entire Board Processes and put it on hold, which is uncalled for
and unfair.
Undersigned takes objection to such callings / scriptings.
The pointwise respective reasons are as follows: -
(i) Before the 12th Board Meeting, and during the 12 th Board Meeting, undersigned was a
SPECIAL INVITEE (refer your emails dated 19 July 1239 PM, 1 Aug 1:04 PM and
13 Aug 1137 Hours). Being my very first meeting with CRCL, and getting to know
about the company, only during Board meeting proceedings (as part time director or
non-executive director, the only window of communication and discussion about day
to day matters come up during board meeting discussions), undersigned has
conducted himself in the manner a special invitee is expected to conduct himself. If
your expectations from a special invitee, that too without backgrounding, who is
attending the very first board meeting, is otherwise, undersigned humbly begs to opt
out of this Company role.

(ii) Undersigned was not present in the meeting (13th BOD Meeting). It is therefore
surprising to note your comments about stalling of Board processes. Undersigned has
still not grasped the entire purport of such a scathing remark. Undersigned hopes that
your goodself shall agree, that whatever has been pointed out by the Statutory
Auditor and the ex WTD Sri Alok Misra (all these before the 13 th Board Meeting),
need to be discussed in a Board Meeting, and isn’t it the same, what has been
reiterated in my remarks? Is it uncalled for on part of a Board Member to refer to
undiscussed previous pointers by Whole Time Directors / Statutory Auditor ?

Undersigned has not been a part of the 13 th Board Meeting, and therefore, is in no way connected
to the board processes. You have all the right of way to conduct the board process in the laid-out style
and manner without pointing a finger at me. Further, undersigned requests your goodself to relieve
him of this Company role in view of such uncalled for remarks from yourself.

Hansraj Sharma
CE / Con / BSP
Dated 14 July 2020

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