Sanghvi Brands Limited Chief Executive Officer (CEO) Rajesh Srinivas Bail has given a notice of resignation on account of personal reason, which has been accepted by the company.
Bail will continue to serve in his current position as CEO and Key Managerial Personnel of the company until February 28, 2021, being the applicable notice period in accordance with company policies and shall be relieved with effect from such date.
“The company is in the process of appointing a new CEO and the same will be communicated to the stock exchanges in due course. The company places
on record the valuable contribution of Dr Rajesh Srinivas Bail during his tenure as CEO,” company said in a regulatory filing on Thursday.
At around 10.33 am, Sanghvi Brands Limited was trading at Rs12.78 per piece up Rs0.60 or 4.93% on the BSE.
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