Srf Limited Announces Appointment of Mr. Arun Bharat Ram as Chairman Emeritus
July 28, 2021 at 08:09 am EDT
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SRF Limited announced appointment of Mr. Arun Bharat Ram as Chairman Emeritus, effective from April 01, 2022. The Board took note that Mr. Arun Bharat Ram has expressed his intention to step down as Executive Chairman and Director of the Company from the closing of business hours on March 31, 2022. Mr. Arun Bharat Ram has been instrumental to the spectacular success of the company and the Group over the last five decades. Considering his tremendous experience and to continue to benefit from his rich experience, valuable knowledge and wisdom from time to time, the Board has recommended his appointment as Chairman Emeritus of the company for a period of five years, effective from April 1, 2022 to the shareholders at the forthcoming annual general meeting of the company.
SRF Limited is a chemical-based multi-business company engaged in the manufacturing of industrial and specialty intermediates. The Company's segments include Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Film Business (PFB) and Others. The TTB segment's business includes nylon tire cord fabric, belting fabric, polyester tire cord fabric and industrial yarns and its research and development. The CB segment's business includes refrigerant gases, industrial chemicals, specialty chemicals, fluorochemicals and allied products and its research and development. The PFB segment's business includes polyester films and polypropylene films. The others segment includes coated fabric, laminated fabric and other ancillary activities. The Company has around 12 manufacturing plants in India and one each in Thailand, South Africa and Hungary. The Company exports to over 90 countries. It serves various industries, such as automotive, pharmaceuticals, manufacturing and chemicals.