Subsidiary Results and Appointment
12 August 2011
KSK Power Ventur plc
("KSKPV" or the "Company")
Indian Subsidiary Financial Results, Non-Executive appointment to the Board & Annual Information Update
KSK Power Ventur plc (KSK.L), the power project company listed on the London Stock Exchange, with interests in multiple power plants and businesses across India, is pleased to announce the following:
1. Indian subsidiary financial results (under Indian GAAP) for the three months ended 30 June 2011
The Indian subsidiary, KSK Energy Ventures Limited ("KSKEV"), the equity shares of which are listed and traded on the National Stock Exchange of India Limited ("NSE") and the Bombay Stock Exchange Limited ("BSE"), has filed with the NSE and BSE on 12 August 2011, its un-audited financial results for the three months ended 30 June 2011.
Full details of the KSKEV un-audited results are available from the KSKPV website (www.kskplc.co.uk) and the NSE website (www.nseindia.com ) and the BSE website (www.bseindia.com ).
2. Non-Executive appointment to the Board
The Company is pleased to announce the appointment of a Non-Executive Director, Mr. Abhay Mahadeo Nalawade to the Board of the Company with effect from today. Mr. Abhay Mahadeo Nalawade aged 62 years has been serving as Independent Director on the KSKEV Board for the last 10 years and has resigned from the KSKEV board from today in order to accept the appointment to the Company Board as a Non-Executive Director.
Mr. Abhay Mahadeo Nalawade has more than three decade of experience in energy field and served as CEO and Managing Director of Thermax Limited, a major corporation in energy and environment field. Mr. Abhay is a graduate in Physics with Masters in Business Administration (MBA) from Pune University and Management Development program from the Harvard Business School. He is currently the Founder & Managing Director of EcoAxis Systems Private Limited which has created machine -to- machine (M2M) communication platform for continuous remote monitoring and analytics for industrial equipment, energy, water & waste water systems and CDM projects.
Mr. Abhay does not hold any shares or options in the Company. Other than KSKEV, Mr. Abhay was not on the board of any other publicly quoted company and there are no other disclosures required under LR 9.6.13
Commenting on the developments, Sri T L Sankar, Non-Executive Chairman of KSK said:
"The Board of KSK is being strengthened by the appointment of Mr. Abhay Mahadeo Nalawade, with his credentials and with significant experience in Indian power sector, as an additional Non-Executive Director. In addition to responsibilities on the Board, the Company looks forward to his valuable services as a member of the audit and remuneration committee."
3. Annual Information Update
Under Prospectus Rule 5.2 all information which has been made available to the public by the Company over the previous 12 months in the UK is outlined below. In order to avoid an unnecessarily lengthy document, information is referred to in this update rather than included in full.
The Company has issued the following Regulatory News Announcements:
|
Date |
Headline |
|
27 July 2011 |
Final Results for the year ended 31 March 2011 |
|
17 May 2011 |
Developments re Indian Subsidiary and Shareholding |
|
09 May 2011 |
Indian subsidiary financial results |
|
24 February 2011 |
Change of Registered Office |
|
15 February 2011 |
Interim Management Statement |
|
14 February 2011 |
Indian Subsidiary Financial Results |
|
26 January 2011 |
Acquisition of shares in Indian Subsidiary |
|
05 January 2011 |
Wardha Unit-III |
|
03 December 2010 |
Holding(s) in Company |
|
22 November 2010 |
Interim Results |
|
17 November 2010 |
Notice of interim results |
|
01 November 2010 |
Indian Subsidiary Financial Results |
|
12 October 2010 |
Holding(s) in Company |
|
06 October 2010 |
Holding(s) in Company |
|
05 October 2010 |
Holding(s) in Company |
|
05 October 2010 |
Holding(s) in Company |
|
29 September 2010 |
Result of AGM |
|
29 September 2010 |
£62.5 Million raised through placing of new Shares |
|
27 September 2010 |
Business Update Wardha Warora |
|
20 September 2010 |
Mahanadi Power Project Business update |
|
27 August 2010 |
Holding(s) in Company |
|
19 August 2010 |
Annual Information Update |
The announcements were made via RNS, a Regulatory Information Service. Further details on the information contained within the above RNS announcements can be viewed either on the Company's website www.kskplc.co.uk or www.londonstockexchange.com under code: KSK.
The Company submitted the following documents to UK Listing Authority's Document Viewing Facility and filed with the NSM UKLA Document Viewing Facility:
|
Date |
Document Type |
|
29 July 2011 |
Annual Report 2010-11 |
|
03 September 2010 |
Form of Proxy and Notice of AGM 2010 |
The Company published and sent the following information to shareholders:
|
Date |
Document Type |
|
30 July 2011 |
Annual Report 2010-11 |
|
06 September 2010 |
Form of Proxy and Notice of AGM 2010 |
The Company filed the following documents with the Companies Registry office of the Isle of Man Financial Supervision Commission:
|
Date |
Document Type |
|
18 July 2011 |
Annual Return 2011 |
|
01 March 2011 |
Form 4 - Notice of Change in situation of Registered Office |
|
06 October 2010 |
Resolutions of Annual General Meting held on 29 September 2010 |
|
06 October 2010 |
Form 45 - Return of Allotments |
For further information please contact:
KSK Power Ventur plc +91 40 2355 9922
Mr. S. Kishore, Executive Director
Mr. K. A. Sastry, Executive Director
Arden Partners plc +44 (0)20 7614 5917
Richard Day / Adrian Trimmings
This information is provided by RNS
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