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Friday, January 27, 2023

Barbeque Nation CFO Anurag Mittal resigns for unknown causes

Barbeque Nation Hospitality Ltd on January 24 stated its chief monetary officer (CFO) Anurag Mittal has resigned from the publish and can step down on February 6, 2023. The corporate didn’t title his alternative within the regulatory submitting.

Mittal’s stint because the restaurant chain’s CFO lasted for less than seven months. He was introduced onboard and given the cost in Might final yr. The explanation for his resignation was not identified on the time of scripting this report.

Mittal had earlier served as a senior director at Alvarez & Marsal, the New York-headquartered administration consulting agency with which he was related for round six years.

Previous to his tenure with Alvarez & Marsal, Mittal was related to a number of roles, spanning a interval of 5 years with world consulting agency Ernst & Younger.

Barbeque Nation is predicted to announce Mittal’s alternative on or earlier than February 6, when he’ll step down because the CFO.

In the meantime, the corporate’s board of administrators have determined to fulfill on February 7 to think about and approve the unaudited standalone and consolidated monetary outcomes for the third quarter ended December 31, 2022.

Within the second quarter of fiscal yr 2022-23, Barbeque Nation had reported a internet revenue of Rs 5.68 crore, which was larger than Rs 3.56 crore clocked within the year-ago interval. Its revenue from operations had additionally elevated from Rs 197.05 crore to Rs 271.69 crore.

Shares of Barbeque Nation on January 24 settled at Rs 881 on the BSE, which was two % decrease than the day past’s shut.

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