Butterfly Gandhimathi MD Rangarajan Sriram steps down

Butterfly Gandhimathi Appliances Limited is an India-based company, which is involved in the manufacturers of domestic kitchen and electrical appliances in the country.

Butterfly Gandhimathi Appliances' managing director Rangarajan Sriram has stepped down to pursue career options outside the organisation, the company said in a regulatory filing on June 13.

"The said resignation was accepted by the Board and Board placed on record its appreciation for the contribution made by him during his tenure with the Company. To ensure a seamless transition, he shall continue to be an employee till August 7, 2024," the company added.

Further, the company also appointed Swetha Sagar G, Chief Business Officer, as Manager & Chief Business Officer designated as Key Managerial Personnel effective June 15, 2024 for a period of five years, subject to approval of shareholders of the company.

Shares of Butterfly Gandhimathi were trading 0.51 percent lower at Rs 739 apiece on BSE during late trading hours.

Butterfly Gandhimathi Appliances Limited is an India-based company, which is involved in the manufacturers of domestic kitchen and electrical appliances in the country.