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Corporate Bureau
New Delhi, Dec 19: Former Delhi Stock Exchange (DSE) president Ashok Agarwal-led eight-member group has been elected as directors to the board of DSE for 1998-99 at its 50th annual general meeting on Saturday. This is, perhaps, for the first time in the 50-year history of the stock exchange that all eight members of a group have been elected to the board of directors.
Agarwal, who led with 213 of the 284 votes was followed by Sukhwinder Gupta with 197 votes. Others on the group are Surinder Kumar Uboveja (183), Bharat Bhushan Sahny (181), Mukand Mohan Chugh (177), former DSE vice-president Sanjay Kaul (168), Ramesh Goel (155) and Subhash Chand Shorewala (142). A member-broker said Agarwal has emerged as the unanimous choice for president and will be formally elected in the nxet few days. "However, the vice-president will be a tough choice with the earlier favourite Sanjay Kaul polling few votes compared to many others on the group", he added. The losing group, led by former DSE president Arjun Kapur whoclocked 119 votes, included past president of the Institute of Chartered Accountants KM Agarwal (128) and sitting director Vinay Gupta.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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