Page Industries Ltd announces resignation of CEO

Mr. Vedji Ticku has submitted his resignation letter owing to personal commitments as he wishes to spend more time with his family. His resignation was accepted by the Board of Directors by Circulation. The Board has acknowledged the contribution made by him during his tenure.

The resignation will be effective from close of business hours on May 31, 2021.

Sunder Genomal, Managing Director said, "We thank Mr. Ticku for his leadership and contributions to the Company, over the last 24 years. During his tenure, he has provided valuable leadership to the Senior Executives and their respective teams. Under his leadership, the Company has made many notable achievements which are reflected in the Company's current position and its performance. Mr. Ticku leaves an exceptionally talented team in place and the business in an excellent position for its continued growth. I wish him all the success."

Vedji Ticku, Chief Executive Officer and Executive Director said, "It has been my honour and privilege to serve Page Industries Ltd., a company with a rich heritage and culture for over two decades. We progressed considerably in our transformation journey during this time. I thank Mr. Sunder Genomal our Managing Director and our Board of Directors, my fellow colleagues and stakeholders for their support over all these years."

Shares of PAGE INDUSTRIES LTD. was last trading in BSE at Rs.29358.4 as compared to the previous close of Rs. 30107.3. The total number of shares traded during the day was 1806 in over 895 trades.

The stock hit an intraday high of Rs. 31200 and intraday low of 29149.15. The net turnover during the day was Rs. 53563514.

Source : Equity Bulls

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