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Century Plyboards zooms 3% as Ratnabali Kakkar joins board

31 Mar 2022 , 10:17 AM

Century Plyboards Limited informed that the board of directors has approved the appointment of Ms. Ratnabali Kakkar as an Independent Director of the Company for a period of five years effective from April 1, 2022.

Ms. Kakkar will take charge of the office of Smt. Mamta Binani, who was serving the company as an Independent Director on the Board. Mamta’s tenure expires on March 31, 2022.

The company further stated that Ms. Ratnabali Kakkar has not been debarred from holding the office of Director by virtue of any order of SEBI or any other authority, and the aforesaid appointment is subject to the approval of shareholders.

Ms. Kakkar holds a Bachelor’s degree (Hons) in English Literature from the University of Calcutta and has a Master’s degree in Business Administration (Finance & Marketing) from the Indian Institute of Management IIM, Calcutta.

She brings over 35 years of international experience in Banking, Financial Services, and Wealth Management. Her areas of expertise include revenue growth, strategic planning, and execution, team leadership, corporate governance, and risk.

Ms. Kakkar was initially associated with HSBC India, where she spent 13 years in various commercial and corporate banking roles in Mumbai. She has also served Barclays Private Bank, Merrill Lynch, and Standard Chartered Bank based in London, and acted in the position of Head of International Premium Banking for Guaranty Trust Bank U.K.

Century Plyboards is currently trading at Rs716.85 up by Rs21.8 or 3.14% from its previous closing of Rs695.05 on the BSE. The scrip opened at Rs699.50 and has touched intraday high and low of Rs721.55 and Rs698.15 respectively.

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