Asian Paints shares tumbles down more 3 per cent on the NSE (National Stock Exchange), after company's exchange filling revealed that two top executives have resigned from the company.
Asian Paint shares opened with decline of almost 0.87 per cent on the Indian bourses. before the shares went on to touch the day low level of Rs 2,265.35 per share on the exchanges.
The shares of Asian Paints were trading around Rs 2,288.50 per share on the NSE (National Stock Exchange), with a downturn of 2.43 per cent on amounting to a Rs 56.95 per cent.
Asian Paints said on Wednesday that associate vice president of retail sales Vishu Goel and vice president of home improvement Shyam Swamy had resigned for 'personal reasons.' Two different stock exchange notifications were used to make the announcements.
'Vishu Goel, Associate Vice President, Retail Sales, Commercial and Marketing, member of the Senior Management, has resigned from the services of the company,' stated one of the notifications. On December 17, 2024, his resignation was accepted, and as of the end of business hours on that day, he is no longer employed by the company or a member of the senior management.
VP of home improvement redsigns
Another notification read, 'This is to notify you that Shyam Swamy, a member of the Senior Management and Vice President of Home Improvement, Décor, Services, and Retailing, has resigned from the Company's services.'
On December 17, 2024, his resignation was accepted, and as of the end of business hours on that day, he is no longer employed by the company or a member of the senior management.
The business provided no additional information regarding the cause of these executives' abrupt departure.
