It will be recalled that DEMPO Group Chairman Shrinivas V Dempo was appointed as Additional Director (Non- Executive, Independent) of Automobile Corporation of Goa Ltd (ACGL), the first major engineering unit to be set up in Goa, jointly promoted in 1980 by Tata Motors Ltd (formerly known as Tata Engineering & Locomotive Co. Ltd), the largest automobile manufacturer in the country, and EDC Ltd (formerly known as Economic Development Corporation of Goa, Daman & Diu Ltd).
The Board of Directors of the Company which is listed on the Stock Exchange, Mumbai, met subsequently to appoint a new chairman of the board and unanimously resolved to appoint Mr. Shrinivas V. Dempo as the Non Executive Chairman of the Company. A fitting honour to the House of Dempo and its Chief!
