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NIIT: The skills and talent development company said its net profit stood at Rs 46.5 crore in the March 2021 quarter. The company has also strengthened its board with the addition of four new members, including the appointment of Udai Singh Pawar and Leher Vijay Thadani. Jubilant Pharmova: The drug firm reported a consolidated net profit of Rs 214 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 260 crore in the January-March quarter of 2019-20. VA Tech WABAG: Water treatment player has clocked standalone profit for the quarter ending March 31, 2021 at Rs 32.82 crore. The Chennai-based company had clocked standalone net at Rs 1.38 crore during corresponding quarter previous year. ....
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At meeting held on 04 June 2021The Board of NIIT at its meeting held on 04 June 2021 has approved the following changes in directorate: Approved appointment of Avani Vishal Davda (DIN: 07504739) and Sangeeta Singh (DIN: 07694463) as Additional Directors (Non-executive/Independent) of the Company with effect from 05 June 2021. Recommended appointment of Sapnesh Lalla, Chief Executive Officer of the Company as Director to the shareholders for approval. Recommended appointment of Udai Singh Pawar as Non-executive non-independent Director of the Company to the shareholders for approval. Recommended appointment of Leher Vijay Thadani as Non-executive non independent Director of the Company to the shareholders for approval. ....
Skills and talent development company NIIT Limited on Friday announced the expansion of its board with four new members, including promoters children Udai S Pawar and Leher V Thadani. The move marks succession planning by promoters with their children - Udai S Pawar and Leher V Thadani - on the board, even as they emphasised that the two new faces are not joining in a management capacity. The company said the expansion of the board, including elevation of CEO Sapnesh Lalla to the board, is aimed at strengthening the organisation. They re (Udai and Leher) joining the board, not management. We ve had that explicit articulation of the approach of our company, so it represents succession.But yes.We, as promoters, have to look at our own, should we say succession of personal entities as well, Rajendra S Pawar said in a virtual briefing. ....