Nehal Vakil assumes Asian Paints' Board; stock slips ~4.50%

2 Mar 2022 , 03:24 PM

In its regulatory filing, Asian Paints Limited informed the exchanges and investors that the company has approved the appointment of Ms. Nehal Vakil as Non-Executive Director of the Company, effective March 1, 2022, to fill the casual vacancy created on the Board on account of the sad demise of Mr. Abhay Vakil, Non-Executive Director of the Company. 

Ms. Nehal Vakil is the daughter of the Non-Executive Director of the Company, Late Mr. Abhay Vakil, and is a member of the Promoter(s) Group of the Company.

Ms. Nehal Vakil geared up her career with Asian Paints Limited (the Company) in the year 1999. She actively participated in the Finance function of the Company, wherein she was, inter alia, responsible for monitoring budgets, revenue, and variance trends for the corporate center.

She also assisted in compilation of quarterly financial reports consolidated at Company and group levels.

Currently, she is the Director incharge of the operations of Vikatmev Containers Ltd., (Vikatmev) a leading container manufacturer in Mumbai. At Vikatmev, she is a team head that strategizes and devises new approaches to boost customer numbers, growth and revenue. She looks after cost controls measures to meet budget restrictions and maximise profitability.

Asian Paints ended at Rs3,039 down by Rs133.65 or 4.21% from its previous closing of Rs3,172.65 on the BSE. Its scrip has touched day’s high and low of Rs3,115 and Rs2,992 respectively.