Gensol Engineering Ltd announced Friday that it has reappointed Jabirmahendi Aga as its new chief financial officer (CFO), effective immediately.
The company said in a stock exchange investor release that AGA will replace Ankit Jain, who has decided to seek other opportunities.
Gensol Engineering Ltd’s shares opened at its intraday lows following Friday’s announcement. ₹307.25 on NSE. This marks the 10th consecutive session of the stock, despite the stock gaining its 10th consecutive session in early trade. Gensol Engineering stocks fell 3.18% at 10:50 a.m. ₹324.15 per share.
Who is Jabirmahendi Aga?
Jabirmahendi Aga, the new chief financial officer of Gensol Engineering, brings 14 years of financial experience to the company.
He has a deep understanding of Gensol’s financial business and has previously served as Chief Financial Officer for Gensol Engineering.
“In this position, Jabir will report directly to Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Limited,” the company said.
New CFO joins in ‘hard times’
CMD Anmol Singh Jaggi welcomes Aga back to his role while acknowledging that the company is going through tough times.
“We are delighted to welcome Jabir back to the team and are convinced that his expertise and experience will be invaluable in driving the company’s future growth and success,” he said.
CMD said that with his experience, AGA will be able to lead the company through tough times.
“His long-term connection with Gensol and his long track record make him an ideal candidate to guide our financial business. We believe his expertise will be invaluable as we guide the current market landscape and drive our strategic growth plans. We are through a tough time and Jabir is the one who best guides us through it,” Jabir said.
“I also want to take this opportunity to thank Ankit Jain for his contribution over the past few months. His contribution has played a significant role and we wish him all the best in his future efforts,” he added.
Gensol said in its investor release that the company remains “committed to its strategic priorities” and is convinced that this leadership transition will help achieve its financial and operational goals.
