DHFL’s whole time director Harshil Mehta resigns; stock declines 4%

Mehta resigned due to full-time engagement with other assignments within the company.

Feb 14, 2019 04:02 IST India Infoline News Service

Dewan Housing Finance Corporation, DHFL
Shares of Dewan Housing Finance Corporation’s (DHFL) declined 4% in Thursday’s morning trade after the company’s whole time director Harshil Mehta resigned.

Mehta resigned due to full-time engagement with other assignments within the company. "However, he would continue to be associated with the company and shall hold the designation of Executive President -Retail Business with effect from February 14, 2019," the company said in a press note after market hours to the exchanges on Wednesday.

Besides, the Nomination and Remuneration Committee of the Board of Directors of the company has recommended to the Board the appointment of Sunjoy Joshi as an independent director and Srinath Sridharan as a Non-Executive Director of the company subject to receipt of requisite approvals from the regulatory authorities.

Dewan Housing Finance Corporation Ltd's share price is currently at Rs109, down by Rs1.55 or 1.4%, from its previous close of Rs110.55 on the BSE.
The scrip opened at Rs105 and has touched a high and low of Rs109.40 and Rs104, respectively. So far, 57,72,675 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs3,469.31cr.

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