Godrej Ind. board names CK Vaidya as additional director
Godrej Ind. board names CK Vaidya as additional director Godrej Industries, a part of the Godrej group, announced that the board of directors(BoD) on September 18, approved the appointment of CK Vaidya, as additional director and executive director & president (business excellence), with effect from Sep. 18, 2007, subject to approval of shareholders in the general meeting.
Recently, the company reported phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the profit rose 96.91% to Rs 325.30 million from Rs 165.20 million in the corresponding quarter, last year. The net sales for the quarter rose 1.64% to Rs 1,633.30 million, compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 7.7, or 4.42%, to Rs 181.9. The total volume of shares traded was 139,038 at the BSE. (Thursday)
