Majesco Limited approves re-appointment of MD and Group CFO

The Board of Directors of Majesco Limited ("the Company") at its meeting held today i.e. May 29, 2020, Approved re-appointment of Mr. Farid Kazani as Managing Director & Group CFO of the Company, for further period of three years with effect from July 4, 2020, subject to approval of members of the Company at the ensuing Annual General Meeting.

Mr. Farid Kazani is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority and therefore, he is not disqualified to be re-appointed as Managing Director & Group CFO of the Company.

Mr. Farid Kazani has more than 29 years of experience in the field of corporate finance and core competencies in strategic business planning, treasury & fund management, forex, mergers and acquisitions (M&A) and divestments.

Prior to joining Majesco, Farid was the Group CFO and Finance Director of Mastek Limited. He has been the architect of carrying out the process of demerger of the insurance business into Majesco Limited, which was completed in June 2015.

Prior to Mastek Limited, he has worked with Firstsource Solutions Limited, RPG Enterprises, BPL Mobile, Marico Industries Limited, Piramal Enterprises and NOCIL.

He has been conferred with many recognition & awards for Excellence in the Finance field across various categories such as Cost Control & Management, Fund raising, M&A, etc.

Shares of Majesco Ltd was last trading in BSE at Rs.313.5 as compared to the previous close of Rs. 298.65. The total number of shares traded during the day was 14387 in over 367 trades.

The stock hit an intraday high of Rs. 313.55 and intraday low of 297. The net turnover during the day was Rs. 4489699.

Source : Equity Bulls

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