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Equity | News | Hot Pursuit
Hot Pursuit
Sanghi Inds announces appointment of CEO & CFO
(14:11, 08 Dec 2023)

Sukuru Ramarao has about 37 years of strong professional experience in building material space. Ramarao is a chemical engineer from SV University Tirupati. In February 2023, he was appointed as the chief operating officer, Cement Business of Adani Group.

Meanwhile, Sanjay Kumar Khajanchi has over 3 decades of experience with more than 22 years in Ambuja, ACC and Adani. He has worked across various verticals in Finance - treasury, business planning, accounting & reporting, internal control system, business controlling etc. He has handled various integration projects Holcim, Adani, mergers, optimisation initiatives.

Further, Ravi Sanghi has tendered his resignation from the position of chairman and managing director of the company with effect from 7 December 2023

Lastly, Bina Mahesh Engineer resigned resigned from her position of chief financial officer (CFO) and key managerial personnel (KMP) effective from 7 December 2023.

Sanghi Industries is engaged in the manufacturing and marketing of cement and cement products in domestic and export market.

The company reported net loss of Rs 128.88 crore in Q2 FY24 as compared with net loss of Rs 44.32 crore posted in Q2 FY23. Net sales stood at Rs 180.31 crore in Q2 FY24, down 21.2% YoY.

Shares of Sanghi Industries shed 0.23% to Rs 131 on the BSE.

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