Eveready Industries board approves appointment of Suvamoy Saha as Managing Director; Stock soars 3%

9 Mar 2022 , 12:53 PM

Eveready Industries India Limited Board has, at its meeting held on March 8, 2022, approved the appointment of Suvamoy Saha as the Managing Director of the Company for a period of 3 years effective March 8, 2022.

The Board at its Meeting held on March 3, 2022, had requested Suvamoy Saha, Joint Managing Director of the Company, to assume the responsibilities as the Managing Director, consequent upon the resignation of Amritanshu Khaitan, Managing Director till such time the same is taken on record by the Board on the recommendation of the Nomination & Remuneration Committee of the Board.

“Suvamoy Saha, aged 63 years, has the qualifications of B. Com (Hons.) and FCA. Suvamoy Saha has over 37 years of experience in corporate management in diverse fields - both in India and abroad. He has held senior positions in finance, information technology, quality and general management.

He was the Whole-time Director of Eveready Industries India Ltd. (the Company) from March 2005 to July 2019, responsible for the operational management of the Company, and was the Joint Managing Director of the Company effective August 10, 2021 till date, exercising the duties as required, for the overall management of the Company,” Eveready Industries said in a filing on Tuesday.

At around 12.50 pm, Eveready Industries India Ltd was trading at Rs346.35 per piece up by Rs10.7 or 3.19% from its previous closing of Rs335.65 per piece on the BSE.