Trident announced that Abhinav Gupta has tendered his resignation from the chief financial officer (CFO) and key managerial personnel position, citing personal reasons.
Gupta was relieved from his services with effect from 3 September 2022 post working hours.The company saif that it has commenced the search for the next chief financial officer and in the meantime, Avneesh Barua, who is working in the finance and accounts function of the company, shall be acting as an interim CFO of the company.
Trident is a vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India.
The company's consolidated net profit declined 37.5% to Rs 129.35 crore despite of 13.3% rise in net sales to Rs 1,679.90 crore in Q1 FY23 over Q1 FY22.
Shares of Trident rose 3.14% to currently trade at Rs 41 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app