The board of directors of Gillette India Ltd. has approved to appoint Anjuly Chib Duggal, an independent director of the company, as the chairman of the board. Duggal will take over the post from Sept. 29, according to an exchange filing on Wednesday.
Also, Independent Directors Gurcharan Das, Chittaranjan Dua, and Anil Kumar Gupta will retire from the board after the completion of their second tenure on Sept. 28.
Earlier, the company announced that Procter & Gamble Bangladesh had terminated its distribution pact with the company with effect from Dec. 31, 2024.
In financial year 2024, the distribution pact accounted for around 2% of the company's total net sales.
Shares of Gillette India closed 2.97% lower at Rs 8,536.20 apiece, compared to a 0.25% rise in the benchmark NSE Nifty. The stock has risen 42.27% in the last 12 months and 32.44% year-to-date. The relative strength index was 42.27.
RECOMMENDED FOR YOU
KRN Heat Exchanger IPO Open On Sept 25 | NDTV Profit
Sep 20, 2024
Ten Most-Valued Firms Adds Rs 1.36 Lakh Crore In Market Cap, Led By ICICI Bank, HDFC Bank
Sep 20, 2024
Top Seven Business And Market Stories Of The Day You Can't Miss — Sept 4
Sep 04, 2024
Power Mech's Reward For Investors: Bonus Shares On Sept 28 | NDTV Profit
Aug 26, 2024
POPULAR