CSL Finance appoints Chander Subhash and Parmod Bindal on Board; stock skids ~1%

27 Jun 2022 , 02:14 PM

CSL Finance Limited informed that on the recommendation of the Nomination and Remuneration Committee, the Board of Directors appointed Chander Subhash Kwatra and Parmod Bindal as Additional Directors in the capacity of Non-executive Independent Director on the board of the company.

The company further stated that Manoj Gupta has tendered his resignation as Independent Director of the company with immediate effect.

The appointment of directors on the board shall be effective from June 27, 2022.

Kwatra earned his MBA in finance from IGNOU in New Delhi. He holds a postgraduate degree in Mathematical Statistics from Delhi University and is a member of the Indian Institute of Bankers (CAIIB). He brings in rich experience of over 30 years of the banking industry to the company.

Bindal is a Chartered Accountant by Profession and brings in nearly 32 years of vast experience to the company.

At around 2.19 PM, CSL Finance was trading at Rs191, down by 0.88% against its previous close of Rs192.70 on BSE. It touched intraday high and low of Rs200 and Rs185.10 respectively so far.