Arvind Fashions announced that Piyush Gupta has resigned from the position of chief financial officer (CFO) of the company effective from close of business hours on 5 January 2023, due to personal and family health reasons.
Further, the board has approved the appointment of Girdhar Kumar Chitlangia as the CFO of the company with effect from 6 January 2023, based on the recommendation of the Nomination and Remuneration Committee of the company.Chitlangia is a qualified chartered accountant (CA) and an experienced finance professional. In his career spanning 30 years, he has worked in leadership roles in large retail & FMCG companies both in India and abroad. Prior to joining Arvind Fashions, he has worked with More Retail, Coca-Cola Company and Super Max World.
Arvind Fashions is in the business of marketing and distribution of branded apparels and accessories.
The company's consolidated net profit surged 118.7% to Rs 18.22 crore on 45.5% jump in net sales to Rs 1181.81 crore in Q2 FY23 over Q2 FY22.
The scrip slipped 0.64% to currently trade at Rs 347.55 on the BSE.
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