ENIL informed the exchange that Subramanian Narayanan (DIN: 03083775) has tendered his resignation as the Group Chief Financial Officer.
With effect from July 1, 2023, he is taking up a larger role in the holding company of ENIL, i.e., Bennet Coleman and Company Limited (BCCL). Accordingly, with effect from July 1, 2023, Mr. N Subramanian will cease to be the Group CFO and Key Managerial Personnel (‘KMP’) of ENIL under the provisions of Section 203 of the Companies Act, 2013 and under Regulation 30(5) of the Listing Regulations for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchanges.
With effect from July 1, 2023, Mr. N. Subramanian will also cease to be an Executive Director of the Company and shall continue to serve on the Board of the Company as a Non-Executive Non-Independent Director without a break in his term as a Director.
The Nomination and Remuneration Committee and the Board of Directors of the Company, have, during their meetings approved the appointment of Mr. Sanjay Kumar Ballabh (currently holding the office of EVP- Finance) as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from July 1, 2023.
At the aforesaid meetings, Mr. Yatish Mehrishi, Manager & Chief Executive Officer & Key Managerial Personnel has been authorised under Regulation 30(5) of the Listing Regulations for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchanges.