Nidhi Granites appoints Kavita Shah as CFO

Devan Narendra Pandya appointed as an Additional Director and Non-Executive Chairperson.

Feb 19, 2021 04:02 IST India Infoline News Service

Nidhi Granites Limited has informed about the recent changes of Board of Directors in the Company.

Rajkumar Thard the Chairperson along with Pushpa Rajkumar Thard, The Director Nidhi Aggarwal, Managing Director has  given the resignation.

Niranjan Mehta has also resigned from the position of Chief Financial Officer of the Company.

Devan Narendra Pandya appointed as an Additional Director and Non-Executive Chairperson

There is also a new appointment of Kavita Shah for the position of Chief Financial Officer of the Company.

Devendra Narendra has 20 experience in Payments (Cross Border Remittances & Ecommerce Business) and Banking with Companies like JPMorgan Chase (NY, USA), Times of Money Ltd, Yes Bank Ltd & IndusInd Bank Ltd. His last Stint was with IndusInd Bank Ltd as Vice President & Head – Global Remittances & Ecommerce Business.

Kavita Shah is an Chartered Accountant from Batch Nov 1999 with an all India Rank. She has over 18 years of experience in Financial and Real Estate industry. She has worked with Institutions like Ford Credit Kotak Mahindra Ltd, HDFC AMC – as Deputy CFO handling finance and was a part of the core team. As a member of Board of a real estate company wherein she is overseeing functions of various departments like Accounts & Finance and Legal.

The Board of Directors have approved the incorporation of 100% subsidiary company of Nidhi Granites Limited for manufacturing purpose.

Nidhi Granites Ltd ended at Rs29.45 per piece down by Rs1.55 or 5% from its previous closing of Rs31 per piece on the BSE.

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