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Sumeet Industries Ltd reconstitutes Board

Posted On: 2017-04-18 20:18:51

The Board of Directors of Sumeet Industries Ltd in its meeting held on 18th day of April, 2017 has considered and approved the changes in Board.

Mr. Shankarlal Somani will now designated as Non-Executive Chairman of the company w.e.f. 01.04.2017. Mr. Sumeet Kumar Somani, Executive Director of the company will act as Managing Director of the Company w.e.f. 01.04.2017 subject to approval of the Shareholders.

Mr. Abhishek Gupta, Chartered Accountant has appointed as CFO of the company.

The Nomination and Remuneration committee has been reconstituted by inducting Mr. Abhishek B. Desai, Independent, Non-Executive Director of the company as member of the committee.

The Board of the Company has been reconstituted.

Shares of SUMEET INDUSTRIES LTD. was last trading in BSE at Rs.33.6 as compared to the previous close of Rs. 34.55. The total number of shares traded during the day was 89248 in over 369 trades.

The stock hit an intraday high of Rs. 35.05 and intraday low of 33.5. The net turnover during the day was Rs. 3063276.

Source: Equity Bulls

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