desk
Share
Automotive components maker UNO Minda on Sunday announced a top-level restructuring, appointing Ravi Mehra as managing director, effective April 1. The company said it is separating the roles of chairman and managing director. Mehra, currently serving as deputy managing director, will assume responsibility for the company's operations and management in his new role.
Meanwhile, Nirmal Kumar Minda will be appointed Executive Chairman. The company said that this move is an important step in the company's transition towards a professionally led organization, ensuring a more balanced and effective governance structure. In the December quarter, the company reported a profit of Rs 157 crore, an increase of 20 per cent year-on-year from Rs 131 crore last year. Stock performance On Friday, the company's stock closed at Rs 876.95, down 4.25 per cent. In the last one year, the company's stock has seen a rise of 26.49 per cent.
Read More: AWL Agri Business Q1 Update: Revenue jumps 21% despite 4% decline in volumes
--Advertisement--
