Arnab Roy Declared Maruti Suzuki India's New CFO, Shares Rally

Maruti Suzuki India on Tuesday approved the appointment of Arnab Roy as CFO with effect from October 16, 2023 and Whole-time CFO of the Company with effect from 01st January, 2024.

Meanwhile, Ajay Seth, the present CFO of the Company shall be superannuating from the post of Whole-time CFO of the Company w.e.f. close of business hours of 31st December, 2023. Thereafter, he shall continue to be a Member - Executive Board (MEB).

Current market price of Maruti Suzuki share is Rs 9626.55 apiece with intraday gain of 0.33% on BSE. The company has a market capitalisation of Rs 2,90,798.88 crore. The 52-week high price of Maruti Suzuki stock is Rs 10,036.70 apiece and 52-week low price is Rs 8076.65 apiece, respectively. Maruti Suzuki shares witnessed a rally of 3% in last 2-weeks, declined 0.39% in last 1-month, gained 12% in last 6-months, soared 15% YTD, and offered shareholders return of 46% in last 2-years.

According to the BSE filing of Maruti Suzuki India dated August 29, 2023, "In accordance with the applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Board in its meeting held today approved the appointment of Mr. Arnab Roy as CFO - Designate w.e.f. 16th October, 2023 and Whole-time CFO of the Company with effect from 01st January, 2024. The details required under Regulation 30 of the Listing Regulations are attached herewith as Annexure-"A"."

Earlier, Maruti Suzuki India's board was scheduled to meet on August 25 but "due to some unforeseen circumstances" cancelled the meeting on August 24, as per the BSE filing.

The large cap auto company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 33,316.90 crore, up 1.57% as against its last quarter total income of Rs 32,802.50 crore. It announced its latest quarter net profit after tax at Rs 2,463.00 crore.