Aditya Birla Fashion and Retail Ltd appoints Mr. Kumar Mangalam Birla as Chairman

The Board of Directors of Aditya Birla Fashion and Retail Ltd, at its meeting held today, have approved appointment of Mr. Kumar Mangalam Birla as Chairman & Non-Executive Director of the Company w.e.f. February 24, 2021. He will be liable to retire by rotation in accordance with the Companies Act, 2013. The appointment is subject to Shareholders' approval in the ensuing Annual General Meeting.

The board also approved appointment of Ms. Sangeeta Pendurkar and Mr. Vishak Kumar as Whole-time Directors of the Company w.e.f. February 24, 2021 for a term of 5 (five) years each ending on February 23, 2026. The appointments are subject to Shareholders' approval in the ensuing Annual General Meeting.

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.168.25 as compared to the previous close of Rs. 166.6. The total number of shares traded during the day was 225491 in over 2248 trades.

The stock hit an intraday high of Rs. 169.45 and intraday low of 165.9. The net turnover during the day was Rs. 37842326.

Source : Equity Bulls

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