The board of directors of Embassy Office Parks Management Services Private Limited, manager of Embassy Office Parks REIT (“Embassy REIT”), at its meeting held on March 17, 2022 by audiovisual electronic communication, accepted the resignation of Mr. Aravind Maiya, Chief Financial Officer of the Company, Director of Embassy REIT, effective the close of business on May 31, 2022. Mr. Maiya plans to pursue other professional opportunities. The Board members expressed their sincere appreciation for the contributions made by Mr. Maiya as Chief Financial Officer and as one of the key executives of the company and appointed Mr. Abhishek Agrawal, currently Deputy Chief Financial Officer , as interim Chief Financial Officer of the Manager with effect from June 1, 2022.
Mr. Abhishek Agrawal has been appointed as the interim Chief Financial Officer of the Embassy REIT manager effective June 1, 2022.
Mr. Abhishek Agrawal holds a Bachelor of Commerce degree from St. Xavier’s College, Kolkata (University of Calcutta) and is an associate member of the Institute of Chartered Accountants of India. He is also a qualified company secretary of the Institute of Company Secretaries of India. He has over 13 years of experience in finance, audit, consulting, risk management and compliance.
Mr. Abhishek Agrawal is currently Deputy Chief Financial Officer of the Company and has been associated with Embassy REIT since August 2020 and served as Financial Controller, which included financial reporting, budgeting and management reporting, risk management and internal controls, compliance, corporate finance activities, fundraising and valuations.
Prior to joining the Manager, he was a partner at SR Batliboi & Associates LLP between April 2008 and January 2017 and at BSR & Co. LLP between January 2017 and August 2020, where he was Associate Director – Insurance and Insurance Services. audit. He has carried out audits of large listed and unlisted companies in various sectors and specialized in the real estate sector with a particular focus on commercial real estate. He has also been involved in various engagements for law firms, including capital markets transactions, assurance services for listed companies and leading major audit and assurance engagements.
Embassy Office Parks REIT shares last traded in BSE at Rs. 377.44 from the previous close of Rs. 379.45. The total number of shares traded during the day was 17,209 in over 574 trades.
The stock hit an intraday high of Rs. 383.90 and intraday low of 368.25. Net turnover during the day was Rs. 6443658.00.
Source: Stock market bulls
Acting Chief Financial Officer