Advanced Enzyme spurts ~4% as Nitin Deshmukh joins Board

30 Mar 2022 , 10:52 AM

Advanced Enzyme Technologies Limited has appointed Mr. Nitin Jagannath Deshmukh as an Additional Director (Independent) effective from July 1, 2022, to hold office up to the date of the ensuing Annual General Meeting of the Company ("AGM") or the date up to which AGM shall be held, whichever is earlier.

However, his appointment is yet subject to the approval of the Members at the ensuing AGM. He shall hold office for a period of 5 years from the effective date of appointment.

He holds a postgraduate degree in Pharmacy from the University of Mumbai and a postgraduate degree in Management from the University of Mumbai.

Mr. Nitin effective Deshmukh currently serves as an Advisor at Kotak Investment Advisors Limited and holds several Board and Advisory Board positions. He is a Distinguished Alumnus of the Institute of Chemical Technology.

Advanced Enzyme is currently trading at Rs289.45 up by Rs11.55 or 4.16% from its previous closing of Rs277.90 on the BSE. The scrip opened at Rs283.30 and has touched a high and low of Rs289.45 and Rs281.90 respectively.