Management Change22 May 2026, 05:31 pm
Indobell Insulations Appoints Mayank Burman as CEO
AI Summary
Indobell Insulations Ltd announced the appointment of Mr. Mayank Burman as CEO, effective June 1, 2026. The company's board of directors approved the audited financial results for the half year and year ended March 31, 2026, with no dividend declared for FY 2025-2026. Additionally, Mr. Varikallu Kondala Rao was categorized under Sr. Management, and M/s. Basu Chatterjea & Co. were reappointed as Internal Auditors until May 30, 2027. The board confirmed no deviation in the utilization of proceeds from the public issue.
Key Highlights
- Mayank Burman appointed as CEO, effective June 1, 2026.
- No dividend declared for the financial year 2025-2026.
- Audited financial results for FY26 approved with unmodified opinion.
- Varikallu Kondala Rao categorized under Sr. Management.
- Basu Chatterjea & Co. reappointed as Internal Auditors till May 30, 2027.
Price Impact
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