NEW DELHI: The country's largest sugar firmBajaj HindusthanBSE -0.21 % today appointedAnand Kumar Kanodia as the new Chief Financial Officer (CFO).
The decision was taken at the meeting of the Audit Committee held today, the firm said in a filing to the BSE.
Kanodia will replace Manoj Maheshwari, who will continue as a whole-time director of the company in new role as Director and Group CFO, it said.
The company also said that its Board has approved the extension of current financial year by six months till March 31, 2014 instead of September 30, 2013.
The company has reported a net loss of Rs 157.47 crore in the first quarter of the current fiscal ended on June 30.
Bajaj Hindusthan has 14 sugar plants in Uttar Pradesh with a sugarcane crushing capacity of 136,000 TCD (tonnes crushed per day) and a distillery capacity to produce 8 lakh litres of alcohol a day.
The company scrip closed at Rs 12.63, down 5.96 per cent at the BSE.