Biocon informed the exchanges Thursday post market hours that the term of Ms. Kiran Mazumdar Shaw, as Managing Director of the Company would come to an end on March 31, 2020 and she is not seeking re-appointment as the Managing Director of the Company.
However, based on the recommendation of Nomination and Remuneration Committee, the Board has approved the appointment of Ms. Kiran Mazumdar Shaw as Executive Chairperson of the Company for a period of five years, subject to shareholders' approval, effective from April 01, 2020.
In a further development, based on the recommendation of Nomination and Remuneration Committee, the Board has approved the change in designation of Mr. Siddharth Mittal from Joint Managing Director to Managing Director of the Company effective from April1, 2020. Accordingly, Mr. Siddharth Mittal will be the Managing Director and Chief Executive Officer of the Company effective April 01, 2020.
Stock view:
Biocon Ltd is currently trading at Rs286.95 down by Rs7.25 or 2.46% from its previous closing of Rs294.20 on the BSE.
For Quick Trial – 8871888787
or mail us here - support@researchicon.com
or visit - http://www.researchicon.com/free-trial
إرسال تعليق