Arvind Limited, India’s largest textile and branded apparel player, announced the appointment of Nigam Shah as Chief Financial Officer of the company, with effect from February 1, 2024.
According to the company’s exchange filing, “we hereby inform that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors in its meeting held on 30th January, 2024 approved the appointment of Mr. Nigam Shah as the Chief Financial Officer (Key Managerial Personnel) of the Company as per Section 203 of Companies Act 2013 with effect from 1st February, 2024, in place of Mr. Jayesh Shah. Mr. Jayesh Shah shall continue to be Whole Time Director of the Company & Group Chief Financial Officer.”
Nigam Shah is a qualified Chartered Accountant and MBA in finance. Shah joined the Company as CFO (Designated) in October 2023. Nigam brings to Arvind more than two decades of experience spanning various sectors, including Infrastructure, Engineering, Chemicals and Banking. His most recent role was at Montecarlo Limited, where he served as the Group CFO, overseeing multiple business segments, including Metro & Buildings, Water, Transport, Mining, and Energy.
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