Company Secretary replaced after strong September-quarter profit
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Ravi Vaishnav resigned as Company Secretary and Compliance Officer, effective November 10, to pursue an external opportunity, and also left the senior management team. Kishor Harish Talreja took over on November 11. Unaudited standalone revenue for the September quarter was Rs 378.44 crore and profit was Rs 45.82 crore. The half-year loss was Rs 226.53 crore after Rs 359.78 crore of one-time charges linked to German and US subsidiaries.
The handover supports compliance. Strong quarterly profit is positive, but large half-year charges and overseas losses make the outlook mixed.