Stock Report

Embassy Office Parks REIT appoints interim CFO

Posted On : 2022-03-17 10:12:39( TIMEZONE : IST )

Embassy Office Parks REIT appoints interim CFO

The Board of Directors of Embassy Office Parks Management Services Private Limited, Manager to Embassy Office Parks REIT ("Embassy REIT") at its meeting held on March 17, 2022 through audio-visual electronic communication, has, accepted the resignation of Mr. Aravind Maiya, Chief Financial Officer of the Company, Manager to Embassy REIT, with effect from the close of business on May 31, 2022. Mr. Maiya plans to pursue other professional opportunities . The Members of the Board have placed on record their sincere appreciation for the contributions made by Mr. Maiya as the Chief Financial Officer and as one of the key managerial personnel of the Company and appointed Mr. Abhishek Agrawal, currently Deputy Chief Financial Officer, as the interim Chief Financial Officer of the Manager with effect from June 01, 2022.

Mr. Abhishek Agrawal has been appointed as the interim Chief Financial Officer of the Manager to Embassy REIT with effect from June 01, 2022.

Mr. Abhishek Agrawal holds a bachelor's degree in Commerce from St. Xavier's College, Kolkata (Calcutta University) and is an associate member of the Institute of Chartered Accountants of India. He is also a qualified Company Secretary from the Institute of Company Secretaries of India. He has over 13 years of experience in the field of Finance, Audit, Consulting, Risk Management and Compliance.

Mr. Abhishek Agrawal is currently the Deputy Chief Financial Officer of the Company and has been associated with Embassy REIT since August 2020 and has handled the function of the finance controller which included financial reporting, budgeting and management reporting, risk management and internal controls, compliance, business finance activities, fund raise and valuations.

Prior to joining the Manager, he was associated with S. R. Batliboi & Associates LLP between April 2008 and January 2017 and B S R & Co. LLP between January 2017 and August 2020 where he was Associate Director - Assurance and Audit Services. He has handled audits of large listed and unlisted companies across various sectors and specialized in the real estate sector with specific focus on commercial real estate. He was also involved in various assignments for the firms, including capital market transactions, assurance services for listed companies and leading large audit and assurance assignments.

Shares of Embassy Office Parks REIT was last trading in BSE at Rs. 377.44 as compared to the previous close of Rs. 379.45. The total number of shares traded during the day was 17209 in over 574 trades.

The stock hit an intraday high of Rs. 383.90 and intraday low of 368.25. The net turnover during the day was Rs. 6443658.00.

Source : Equity Bulls


EmbassyOfficeParksREIT Resignation CFO Appointment InterimCFO