22 Mar 2022 , 03:13 PM
The Board of Directors of Arvind Ltd has approved the appointment of Swayam Saurabh, as the Chief Financial Officer of the Company with effect from March 22, 2022 as a Key Managerial Personnel in place of Jayesh Shah who will continue as Whole time Director of the Company and Group CFO.
Swayam Saurabh is a Chartered Accountant (rank holder) by training. Swayam was last associated with OLA as their CFO and comes with over 20 years of experience in Finance arid Accounts, Treasury, IT, Administration, Procurement, Legal & Secretarial & Compliances. Prior to Ola, he has been CFO of Hindustan Zinc Ltd & Phillips (Asia Pacific); and had stints with Asian Paints and Larsen & Toubro.
The Board has also approved the reappointment of Sanjay S. Lalbhai, Chairman and Managing Director (CMD) for a period of 5 years from April 01, 2022 to March 31, 2027 subject to the approval of members of the Company.
At around 2:56 PM, Arvind was trading at Rs118.10 apiece up by Rs1.5 or 1.29% on Sensex.
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