Updeep Singh, President & CEO, Resigns from Sutlej Textiles
Sutlej Textiles and Industries Limited (SUTLEJTEX), a prominent player in the textile industry, has announced the resignation of Updeep Singh Chatrath as the President and Chief Executive Officer (CEO) of the company. The resignation is effective immediately and was submitted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In a letter addressed to the Chairman of Sutlej Textiles and Industries Limited, Updeep Singh Chatrath expressed his decision to step down from his position to pursue other career opportunities.
Sutlej Textiles and Industries Limited, a leading textile and apparel player, has been making significant strides in the industry under the leadership of Updeep Singh. His tenure as CEO saw the company achieve several milestones and strengthen its position in the market.
With Updeep Singh’s departure, the company faces the task of finding a suitable successor to continue driving growth and innovation in the textile sector. The decision of the Board on the appointment of a new CEO is awaited with anticipation.
Meanwhile, the outgoing CEO’s contributions to the company and the industry at large are being acknowledged, and his departure is met with best wishes for his future endeavors.
Disclaimer: This news piece is based on the official announcement made by Sutlej Textiles and Industries Limited. Investors and stakeholders are advised to exercise caution and make informed decisions based on official statements and disclosures from the company.
Statement Source: BSE India