The company said that its chief financial officer, Sanjay Sultania, resigned on Monday, 9 January 2023.
"Sanjay Sultania, Chief Financial Officer of the Company is taking up other major responsibility within the Welspun Group. The Board has accepted his resignation as Chief Financial Officer of the Company w.e.f. January 09, 2023 (close of business hours)," Welspun Enterprises said in a statement.Welspun Enterprises, part of the Welspun Group, is an operating company as well as a holding company. Its key activity is in the infrastructure business. It has developed and operates PPP projects in various sectors like roads, water, and urban infrastructure. Apart from that, the company holds equity investments in Welspun Natural Resources (oil and gas exploration).
On a consolidated basis, net profit of Welspun Enterprises surged 493.35% to Rs 132.14 crore on 82.58% increase in net sales to Rs 530.49 crore in Q2 September 2022 over Q2 September 2021.
Shares of Welspun Enterprises fell 2.72% to Rs 160.65 on Monday, 9 January 2023.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Great minds don’t just skim the surface, they uncover the full story.
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 →
Smart Quarterly
₹900
3 Months
₹300/Months/month
Smart Essential
₹2700
1 Year
₹225/Months/month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Unlimited access to all articles
30+ premium stories daily, handpicked by our editor


Complimentary Access to The New York Times
News, Games, Cooking, Audio
Wirecutter & The Athletic
Complimentary Access to Our e-Paper
Digital replica of our daily newspaper
Read, save, share any article


Curated Newsletters on Diverse Topics
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Smart Investment Tips
In-depth stock analysis & insights
The Smart Investor for wealth growth tips


Access to Extensive Historical Archives
Repository of articles and publications dating back to 1997
Ad-free Reading Experience
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Repository of articles and publications dating back to 1997