Solara announces the return of Hariharan Subramaniam as its new CFO

Solara Active Pharma Sciences Limited (Solara), one of India's leading pure-play active pharmaceutical ingredients companies, today announced the return of Hariharan Subramaniam(Hari) as the new Chief Financial Officer (CFO) with immediate effect.

Hari was part of the Solara since its inception and played an instrumental role in driving the growth and profitability of the Company. In his current position, he will be responsible for Finance, legal, secretarial, IT, and other workstreams and will be part of Solara's Executive Leadership Team. The Board believes that Hari's rich experience in the pharmaceutical sector would be valuable for driving the rebound of the Company.

Hari will succeed Subhash Anand (Subhash), the incumbent CFO and Executive Director of the Company, who has decided to pursue opportunities outside Solara. The Board acknowledged Subhash's decision and thanked him for his contributions to the Company over the last two years.

Shares of Solara Active Pharma Sciences Limited was last trading in BSE at Rs. 699.10 as compared to the previous close of Rs. 686.90. The total number of shares traded during the day was 6000 in over 363 trades.

The stock hit an intraday high of Rs. 703.25 and intraday low of 689.40. The net turnover during the day was Rs. 4194257.00.

Source : Equity Bulls

Keywords

SolaraActivePharmaSciences INE624Z01016 CFO Resignation Appointment