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Vaibhav Global Ltd — Board/Management Information 2020
Feb 21, 2020
62491_rns_2020-02-21_9ee384bc-99ea-4307-803e-b8d9e51aabb3.pdf
Board/Management Information
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,y VAIBHAV GLOBAL LIMITED
Ref: VGL/CS/2020/33
Date: 21[st] February, 2020
National Stock Exchange of India Limited (NSE) Exchange Plaza, C-l, Block G, Bandra Kurla Complex, Bandra, Mumbai - 400 051 Symbol: VAIBHAVGBL ;I:.~ I, ~
BSELimited
Phiroze JeejeeBhoy Towers, Dalal Street, Mumbai - 400001 Scrip Code: 532156
,, ./ Subject: Change in Key Managerial Personnel (KMP)
Dear Sir / Madam,
We wish to inform you that, pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (Listing Regulations), the Board of Directors in its meeting held today has approved the following changes in Key Managerial Personnel of the Company effective from 21S[t] February, 2020.
In order to augment senior management capacity of Vaibhav Global Limited (VGL) for sustained long term growth,
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Mr. Puru Aggarwal, has been promoted to Group President - Strategy & Business Development, from the earlier position of Group Chief Financial Officer.
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Mr. Vineet Ganeriwala has been appointed as Group Chief Financial Officer under the category of Whole time Key Manage;rial Personnel of the Company.
The details required under SEBIcircular N.~.c:J.R/CFD/CIYID/4/201'5date'~~th September, 2015 is enclosed herewith as Annexure - A.
Kindly take the same of record.
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Thanking you,
Yours Truly,
For Vaibhav GIO,ited
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Sushi! s~a """P"\
Company Secretary
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E-69, EPIP, Sitapura, Jaipur-302022, Rajasthan, India I Tel.: 91-141-2771948/49, Fax: 91-141-2770510 Regd. Office: K-68, Fateh Tiba, Adarsh Nagar, Jaipur-302004, Rajasthan, India I Tel.: 91-141-2601020, Fax: 91-141-2605077 CIN: L36911RJ1989PLC004945I Email: [email protected] I Website: www.vaibhavglobal.com
Annexure A
Details required under SEBIcircular No. CIR/CFD/CMD/4/2015 September 09,2015
| Sr | Particulars | Particulars | Description | ||
|---|---|---|---|---|---|
| No. | |||||
| 1. | Reasonfor change viz. | In order to augment senior management capacity of VGL |
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| appointment, | resignation, | Group for sustained long term growth, | |||
| removal, | death or | ||||
| otherwise: | • Mr. Puru Aggarwal has been promoted as Group |
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| President - Strategy & Business Development. He joined |
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| VGl asthe Group CFOin 2015 and has been instrumental | |||||
| in VGL's growth since then. | |||||
| • Mr. Vineet Ganeriwala has been appointed as Group |
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| Chief Financial Officer under the category of Whole time | |||||
| Key Managerial Personnel of the Company. | |||||
| 2. | Date of | 2pt February, 2020 | |||
| appointment/cessation | (as | ||||
| applicable) | |||||
| 3. | Brief profile (in case of appointment): |
Brief Profile of Mr. Puru Aggarwal (Group President - Strategy & Business Development) |
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| Mr. Puru Aggarwal has been associated with VGLsince 2015 in | |||||
| the capacity of Group Chief Financial Officer. He is a qualified | |||||
| Chartered Accountant, Cost & Management Accountant, and |
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| Company Secretary. He has also attended several advanced |
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| management courses including 'Authentic Leader |
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| Development' program at Harvard Business School. Mr. |
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| Aggarwal, while at leva Pharmaceuticals as country CFO,was | |||||
| identified for potential global leadership role and was |
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| provided 18 months training via leva's 'Global Advance |
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| Leadership Program'. | |||||
| He is a strategic finance leader with holistic business exposure | |||||
| and the ability to strategize and impact finance and operations | |||||
| to achieve higher revenues and bottom-line. | |||||
| Mr. Aggarwal has experience of 28 years in business |
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| modelling, financial strategy & planning, business |
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| development, procurement, supply chain & distribution, |
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| budgeting, cost optimization, corporate law and taxation. HE |
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| has worked with various multinational companies, including |
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| leva Pharmaceuticals, Coca-Cola Company and EY. His last |
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| assignment, before joining VGL, was with Teva |
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| Pharmaceuticals (India) as member of Board of Directors and | |||||
| country CFOfor nearly 11 years. . . . |
Brief Profile of Mr. Vineet Ganeriwala(Group Chief Financial Officer)
Mr. Vineet Ganeriwala is a qualified Chartered Accountant and has done Executive Programme in Business Management from II.M Kolkata and International programme on Development of Management Perspectives from 11MKolkata. Mr. Ganeriwalaisfinance leader with 21 years of experience across diverse industries (listed Indian companies and multinational corporations) and multiple geographies. He has been proficient at providing strategic direction, engaging with stakeholders and Board members. He has successfully led various transformation initiatives resulting in process improvements, cost efficiencies, improved margins, leading to sustainable growth.
Prior to the current assignment, Mr. Ganeriwala has worked with Vodafone Group as Country Finance Controller for Italy and Germany. He has also served as Finance Controller at Astra Zeneca Pharma India Ltd. (listed company) and Head of finance for Rajasthan circle at Aircel Ltd.
4. Disclosure of relationships between Directors (in case of appointment of a director).
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