Skipper Limited announced that Sri Sharan Bansal has tendered his resignation as the Chief Financial Officer (Key Managerial Personnel) of the Company. The same has been accepted by the Company and he has been relieved from the responsibilities of CFO with immediate effect. He will continue as the Whole- Time Director of the Company.

The Board of Directors at its meeting held i.e. 4th February, 2023, upon recommendation of the Nomination & Remuneration Committee and the Audit Committee has appointed Sri Shiv Shankar Gupta as the Chief Financial Officer (Key Managerial Personnel) of the Company with effective from 4th February, 2023. Sri Shiv Shankar Gupta is B. Com and a member of the Institute of Chartered Accountant of India and is having rich experience of more than 28 years in Corporate Finance, Operations and business strategies for maximizing profitability. He has expertise in managing and leveraging Fund with appropriate Risk & Controls in the most economical way and ensuring compliance with all applicable directives and Banking Laws & Regulations.

He was previously associated as the Chief Financial Officer of West Coast Optilinks (A unit of West Coast Paper Mills Ltd). During his tenure he has handled the corporate finance functions such as determining financial objectives, designing & implementing systems, policies and conducting cost analysis across the division. Since, 11th May, 2022, he is associated as President - Finance and Operations with Skipper Limited.