The Board of Directors of Solara Active Pharma Sciences Limited at its meeting held today (August 3, 2020) the Directors has approved the resignation of Mr. Jitesh Devendra (DIN 06469234) as Managing Director and Directorship of the Company, with effect from August 3, 2020.
The board also approved the appointment of Mr. Bharath R Sesha (DIN: 01983066) as Managing Director and CEO of the Company with effect from August 3, 2020.
Bharath is an Engineering graduate with a management degree from the Institute for Technology and Management, Chennai. He also has a master's degree in International Management from Thunderbird School of Global Management, United States.
Bharath joins Solara from Nalco Water, India where he was the Managing Director responsible for the growth strategy.
He has over two decades of experience and a decade leading diverse businesses including pharmaceuticals and has held CXO level positions in companies like Philips, DSM Sinochem Pharmaceuticals, Royal DSM NV.
Throughout his professional stints, Bharath has focused on managing the business growth and profitability of these companies across the pharmaceutical, healthcare, consumer lifestyle, and material sciences industries. He has operated in countries like USA, Hongkong, China, Middle East, Egypt, Africa and Europe.
Shares of Solara Active Pharma Sciences Ltd was last trading in BSE at Rs.763.8 as compared to the previous close of Rs. 656.2. The total number of shares traded during the day was 59447 in over 5846 trades.
The stock hit an intraday high of Rs. 770 and intraday low of 657.9. The net turnover during the day was Rs. 43129925.