Mr. Ajit Venkataraman appointed as MD of Finolex Industries Limited

Mr. Anil V. Whabi, has completed his tenure as Managing Director (DIN: 00142052) on close of business hours on 31st May, 2023 and retired after rendering close to nine years of dedicated service to the Company. Further he also ceased as Director and Key Managerial Personnel (KMP) of the Company on close of business hours of 31st May, 2023.

The Board of Directors at its meeting held on 22nd May, 2023 placed on record its deep sense of appreciation for the valuable contributions made by him during his tenure.

The Board of Directors at its meeting held on 22nd May, 2023 appointed Mr. Ajit Venkataraman, currently designated as Chief Executive Officer of the Company, has been appointed as an Additional Director and Managing Director (DIN: 07289950) (Key Managerial Personnel) of the Company for a period of five years from 1st June, 2023 subject to the approval of members at the ensuing Annual General Meeting.

Consequent to appointment of Mr. Ajit Venkataraman as Managing Director of the Company from 1st June, 2023, he ceased as Chief Executive Officer of the Company from the close of business hours of 31st May, 2023.

Shares of Finolex Industries Limited was last trading in BSE at Rs. 174.50 as compared to the previous close of Rs. 178.65. The total number of shares traded during the day was 66765 in over 1503 trades.

The stock hit an intraday high of Rs. 179.00 and intraday low of 174.05. The net turnover during the day was Rs. 11752757.00.

Source : Equity Bulls

Keywords

FinolexIndustries INE183A01024 MD CEO Appointment