Sula Vineyards identifies New CFO, Launch Three New Luxury Lakeside Villas

Sula Vineyards, India's leading wine producer, announced today the signing on of a new CFO, and the launch of three new luxury villas at their iconic Beyond resort in Nasik.

Commenting on this, Rajeev Samant, Founder and CEO of Sula Vineyards, said, "I am pleased to announce that we have identified a new Chief Financial Officer, who will come on board in August. The candidate is a seasoned CFO with rich experience in the consumer sector during his stellar career. I am confident that he will form a valuable part of our leadership team as we continue to grow our business." The appointment will be made after receiving statutory approvals and relevant disclosures.

Also, "we have added three stylish new villas overlooking the picturesque Gangapur lake in Nasik, modelled on our iconic Sky Villa which is always over-booked. With the addition of new villas, we hope that more guests can experience the joy of a vineyard retreat!"

In a separate development, Sula's The Source Chenin Blanc Reserve won the country's first ever wine medal at the prestigious Concours Mondial de Bruxelles 2023, arguably India's finest dry Chenin Blanc, making it a proud day for India. Sula's Rasa Syrah and Dindori Reserve Chardonnay also won two golds at the 2023 Paris Wine Cup.

Sula is leading the charge for recognition of Indian wines globally and has won a spate of medals at international wine competitions over the past decade, a testament to Sula's commitment to craft highquality wines that are enjoyed by wine lovers around the globe.

Shares of Sula Vineyards Limited was last trading in BSE at Rs. 429.20 as compared to the previous close of Rs. 423.80. The total number of shares traded during the day was 17068 in over 660 trades.

The stock hit an intraday high of Rs. 432.10 and intraday low of 421.55. The net turnover during the day was Rs. 7317869.00.

Source : Equity Bulls

Keywords

SulaVineyards INE142Q01026 Breweries Distilleries NewCFO NewLuxuryVillas BeyondResort Nasik