Coromandel International Executive Chairman Arun Alagappan says the corporate is dedicated to strengthen its core companies and put money into novel applied sciences and adjoining alternatives..
| Photo Credit: Special Arrangement
Coromandel International Ltd. (CIL) has appointed an re-designated Executive Vice Chairman Arun Alagappan as Executive Chairman following the retirement of Chairman and Non-Executive Director A. Vellayan.
On Thursday, the board accepted the retirement of Mr. Vellayan. Further, he was appointed as Chairman Emeritus in recognition of his contributions to CIL over the previous a few years and for his continued steerage, the main agri-solutions supplier stated in an announcement.
The board additionally introduced retirement of Non-Executive Director M.M. Venkatachalam from April 25.
The Murugappa group agency, in the meantime, posted a 20% decline in standalone web revenue for the quarter ended March from the year-earlier interval to ₹209 crore. Total revenue contracted 27% to ₹4,027 crore.
The board beneficial a closing dividend of ₹6 per fairness share for FY24.
