In a filing to the Bombay Stock Exchange, GTL Infrastructure has said its board of directors has approved the draft of the debtor-creditors agreement under the Corporate Debt Restructuring (CDR) scheme. The board also plans to forward the proposal to the CDR cell for debt restructuring.
Further, keeping in mind the challenging macro-economic and operating environment, the board of directors has revamped the roles and responsibilities of various directors.
For example, Milind Naik has joined the board as a whole-time director and chief operating officer (COO). He will be responsible for commercial, operations and cost optimisation measures. Prakash Ranjalkar, whole-time director would continue to be responsible for strategic initiatives, operations and business development and Manoj Tirodkar, global group’s founder and promoter and non-executive chairman of the company will oversee strategic matters, growth and M&A initiatives.
The board has also accepted the resignation of A. Ravi, whole-time director and CEO.
