Anupam Rasayan appoints Amit Khurana as Chief Financial Officer; Stock spurts ~5%

15 Mar 2022 , 10:54 AM

Anupam Rasayan India Limited (ARIL), one of India’s leading custom synthesis and specialty chemical player, announced the appointment of Amit Khurana, as its Chief Financial Officer effective from March 14, 2022. Amit will take over his new role from the incumbent CFO, Afzal Malkani, who has been appointed as Non-executive director on Tanfac’s board as nominee of Anupam Rasayan.

The company said in a filing on Monday that Amit Khurana is a qualified Chartered Accountant and comes with more than 10 years of experience in Indirect Taxes, Forecasting & Budgeting, Cost Accounting and Risk Analysis. He has been associated with Anupam Rasayan since last 7 years as Head — Indirect Taxes & Costing.

The company stock was bullish during early trade on Tuesday. At around 10.05 am, Anupam rasayan Limited was trading at Rs892.55 per piece up Rs40.40 or 4.74% on the BSE.

Anand Desai, Managing Director of ARIL, said, “It has been an absolute pleasure working with Afzal over the years and I wish him all the best for his new role as the Non-executive director on Tanfac’s board. We are glad to receive his support and guidance in his new role.”

He further added, “I welcome Amit as the CFO of the organization. He has been associated with Anupam Rasayan as the head of taxes and costing since 2015. We are extremely fortunate to have someone with Amit’s extensive experience in all areas of financial function to fill this role. I am confident that, his experience will add immense value to the company’s exciting growth journey.”

Afzal Malkani, said, “I am delighted and thankful to the management and Board of Anupam Rasayan Indian Limited for my 17-year professional journey in this organization. I am extremely excited to take up this new strategic role at Tanfac and hope the journey ahead remains equally enriching.”