Three Reliance execs join DEN board; Siti, Zee Media get new directors
MUMBAI: The board of DEN Networks has approved the appointments of three Reliance executives namely Anuj Jain, Geeta Fulwadaya and Saurabh Sancheti as additional directors.
The company said that the appointments are based on the recommendation of the Nomination and Remuneration Committee and in terms of Share Subscription and Shareholders Agreement dated 17th October, 2018.
“The Board of Directors of the Company DEN Networks Limited through circular resolution dated March 29, 2019, have approved appointment of Anuj Jain, Geeta Fulwadaya and Saurabh Sancheti, as Additional Directors of the Company,” the company said in a filing to the BSE.
Anuj Jain has over 6 years of experience with Reliance Jio. He has been working in Reliance Jio since inception. He has total 27 years industry experience in multiple sectors.
Geeta Fulwadaya has been associated with Reliance group for over a decade and has extensive experience in the field of corporate laws and allied matters.
Saurabh Sancheti has a decade of experience across multiple sectors. He has been with Reliance since 2012 and is presently working in digital services business of Reliance.
All three don’t have any relationship with any of the board of Directors of the company.
Reliance Industries Ltd (RIL) and its group companies hold 78.62% in DEN. Recently, RIL’s group companies had acquired 12.05% of DEN Networks as part of the open offer. In October 2018, RIL had acquired 66% stake in DEN Networks for Rs 2290 crore.
The board of Zee Media Corporation Ltd (ZMCL) has, based on recommendations of the Nomination & Remuneration Committee, approved appointment of Raj Kumar Gupta as an Additional Director in the category of Independent Director and Arun Kapoor as an Additional Director in the category of Non-Executive Non-Independent Director, with effect from 30th March,2019.
Gupta, a Commerce Graduate from BITS University, Pilani, Rajasthan and a Chartered Accountant, is a veteran in Finance & Accounts Profession with experience of over 5 decades. Gupta is a Senior Partner of Gupta Raj & Co., Chartered Accountants, a mid-sized firm providing Finance, Audit & Taxation services to various Business Houses.
Arun Kapoor, a Commerce Graduate from Delhi University, MBA from Jamnalal Bajaj Institute of Management, Mumbai and PHD from Chitkara University, Punjab is a professional with experience of over 3 decades in General Management, Sales & Marketing including as CEO/Business head across multiple industries like Liquor, Packaged foods, Consumer Products, BPO, Telecom and Media distribution.
During his professional career, Arun was associated with esteemed business houses including United Breweries, Gillette, Pepsi, Bharti Cellular, Hutchinson Essar and Reliance ADAG. Mr. Kapoor was also associated with Essel Group for over a decade till May 2017 including as CEO of Dish TV and heading Media Distribution business of the group housed under Zee Turner, MediaPro, Taj Television and Siti Cable.
The board of Siti Networks has approved, based on recommendation of the Nomination & Remuneration Committee, the appointment of Suresh Arora as an Additional Director in the category of Non-Executive Non-Independent Director with effect from 29th March.
Suresh Arora, aged about 55 years, is a commerce graduate from Delhi University and also holds Post Graduate Diploma in Marketing from Symbiosis, Pune.
Arora has rich experience of about 34 years in various fields and in particular Finance & Accounts, Export/Import procedures & documentation and sales & marketing. His last assignment was with Pan India Network Limited (PINL) at a senior position in Sales and Marketing Department. PINL is an Essel Group Company and is engaged in the business operations of Online/Paper Lottery in the state of Punjab.