Management Change22 May 2026, 05:52 pm
Indobell Insulations: Varikallu Kondala Rao Appointed to Senior Management
AI Summary
Indobell Insulations Ltd. announced the appointment of Mr. Varikallu Kondala Rao, General Manager (Projects), to the Senior Management category, effective May 22, 2026, as per Section 178 of the Companies Act, 2013. This decision was made during a Board of Directors meeting where the audited financial results for the half-year and year ended March 31, 2026, were also approved. Additionally, Mr. Mayank Burman was appointed as the CEO of the Company w.e.f. 1st June 2026.
Key Highlights
- Mr. Varikallu Kondala Rao appointed to Senior Management.
- Audited financial results for FY26 approved by the board.
- No dividend declared for the financial year 2025-2026.
- Mr. Mayank Burman appointed as CEO w.e.f. 1st June 2026.
- Reappointment of M/s. Basu Chatterjea & Co. as Internal Auditors till May 30, 2027.
Price Impact
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