The Company Secretary of cash-strapped
Kingfisher Airlines Bharath Raghavan resigned on Thursday even as talks between
the management and agitating employees failed to end the impasse.
In a filing to the National Stock Exchange (NSE)
on Thursday, the company said, “Bharath Raghavan has resigned as the Company
Secretary of the company with effect from the close of business on September
30, 2012. Consequently, he has ceased to be the designated Compliance Officer
of the company with effect from that date.”
Earlier this year, the company’s independent
directors had abandoned the carrier, which has been facing a severe financial
crisis with banks together having an exposure of nearly Rs 7,000 crore in the
airline.
Vijay Amritraj, G.N. Bajpai, Diwan Arun Nanda,
Piyush Mankad and Anil Kumar Ganguly, who were the independent directors, quit
the company citing personal reasons.
The scrip debt-ridden carrier plunged on the
bourses on Thursday. Shares hit the lower circuit and closed at Rs 13.90, down
4.79 per cent on the Bombay Stock Exchange (BSE).
http://www.thehindubusinessline.com/industry-and-economy/logistics/article3965203.ece?homepage=true&ref=wl_home
No comments:
Post a Comment