Torrent Power Ltd announced Thursday its chief financial officer (CFO) Lalit Malik He has resigned with immediate effect. The Board of Directors at its meeting on Thursday accepted the resignation presented by Malik for health reasons, torrent power he said in a regulatory filing.
"Accepted the resignation presented by Lalit Malik from the position of CFO and Full-time key management personnel of the Company we closed working hours on April 13, 2023, for health reasonsโ, he indicated.
The board also approved the appointment of Saurabh Mashruwala as the next CFO and Full-time key management personnel of the company as of April 14, 2023.
Mashruwala has more than 33 years of experience in the fields of corporate finance, treasury, accounting, corporate restructuring, mergers, acquisitions, tax planning and execution, budgeting, corporate governance, risk management, regulations and compliance, etc.
he is working with torrent power Limited since January 2009, and is currently Vice President - Finance.
