Man Industries India on Saturday stated its board has accepted a plan to boost Rs 300 crore and appointed Sandeep Kumar because the Chief Monetary Officer (CFO).
The corporate plans to boost as much as Rs 300 crore by means of issuance of fairness shares, convertible shares warrants by means of preferential situation, certified establishment placement (QIP), rights situation or a mixture thereof, Man Industries India stated in an trade submitting.
The board, at its assembly on Saturday, additionally accepted the appointment of Sandeep Kumar because the Chief Monetary Officer (CFO) and Key Managerial Personnel with impact from January 18, 2025.
In his earlier stints, Kumar has labored with Welspun World Manufacturers Restricted and Raymond Group within the capability of Chief Monetary Officer and Director (Finance), respectively, and others.
MAN Industries (India) is among the largest gamers in LSAW (longitudinal submerged arc welded) pipes, spirally welded pipes and coating techniques.
