Blue Star on Friday announced that the company's chief financial officer Neeraj Basur has tendered his resignation on 9 March 2022 from the position of group chief financial officer and key managerial personnel of the company.
Blue Star said Mr Basur wishes to pursue his professional aspirations beyond the air conditioning and commercial refrigeration industry and intends to quit.Neeraj Basur will serve his notice period and will continue in his current role of group chief financial officer and key managerial personnel until he is relieved on or before 31 May 2022, the company said in an exchange filing. The resignation of Mr Neeraj Basur has been accepted by the board through a circular resolution dated 10 March 2022.
Blue Star is an air-conditioning and commercial refrigeration company. On a consolidated basis, the company reported a 29.4% rise in net profit to Rs 47.5 crore on a 34% increase in net sales to Rs 1,506.22 crore in Q3 FY22 over Q3 FY21.
Shares of Blue Star were trading 0.07% higher at Rs 982 on BSE.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU