Metropolis Healthcare's stock under pressure as CEO Vijender Singh goes off-duty

19 Aug 2022 , 09:56 AM

Metropolis Healthcare Limited’s counter was trading nearly 1% lower in today’s trade as the company announced the resignation of CEO Vijender Singh.

The company informed that Vijender Singh has resigned from the position of Chief Executive Officer on July 28, 2022. In that parlance, his last working day with the company was fixed as Wednesday, November 30, 2022.

As Vijender requested the company to consider and complete his transition/handover facilities, the company has agreed to release him from the position of CEO and any other office appointments held by him effective from August 17, 2022.

In this regard, the company has waived his remaining notice period.

Further, the company also emphasized that as the position is not filled by any other employee yet, it has appointed a Talent search Agency and has begun the process of finding a suitable candidate to fill up the position of CEO.

At around 9.58 AM, Metropolis Healthcare was trading at Rs1,440.75 per piece, down by or 0.82% from its previous closing of Rs1,452.60 on the BSE. The scrip touched intraday high and low of Rs1,450.35 and Rs1,431.45 respectively.