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Dabur chairman Amit Burman resigns, continue as non-executive director

By Priyanka Verma 
Updated Date

New Delhi: Dabur’s Amit Burman has resigned as the chairman of the company. His resignation is effective from August 10, 2022. However, Burman will continue as non-executive director. The company gave this information on Friday.

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Amit Burman took over as the CEO of Dabur Foods in 1999 when the company forayed into the processed foods business. He resigned from the role in July 2007 when the company merged with Dabur India Limited. Thereafter he was appointed as the Vice-Chairman of Dabur India Limited.

Meanwhile, Dabur said its board has approved the appointment of Mohit Burman, who is currently the non-executive vice-chairman. He is the Non-Executive Chairman of the Board of Directors of the Company for a period of 5 years with effect from 11 August 2022.

Dabur announced in an exchange filing, “We would like to inform you that the Board of Directors has approved the following changes in the position of Chairman and Vice President of the Company as on August 11, 2022. 1. The Chairmanship of the Board of Directors of the Company. Acceptance of resignation of Shri Amit Burman, from the end of working hours of 10th August, 2022.”

Let us tell you that the Net Profit of Dabur India Limited increased marginally to Rs 441.06 crore in the first quarter of the current financial year ended June, 2022.

The company had earned a net profit of Rs 438.30 crore in the April-June quarter of the previous financial year (2021-22). Dabur India said in a communication to the stock exchanges that its operating income grew by 8.07 per cent to Rs 2,822.43 crore during the quarter. It was Rs 2,611.54 crore in the same quarter a year ago. Dabur India’s total expenses also rose 10.81 per cent to Rs 2,358.52 crore in the quarter under review. It stood at Rs 2,128.32 crore in the first quarter of the previous financial year.

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