Modi will be relieved from his duties with effect from close of business hours of Friday, 14 October 2022.
The company said that it is in the process of appointing a new chief financial officer and the same will be intimated to the exchanges in due course.
Sterlite Technologies is a leading end-to-end solutions provider for global digital networks. The company reported a consolidated net loss of Rs 20 crore in Q1 FY23 as against a net profit of Rs 116 crore in Q1 FY22. Revenue from operations rose 20.3% to Rs 1,575 crore in Q1 FY23 from Rs 1,309 crore posted in Q1 FY22.
Shares of Sterlite Technologies skid 2.35% to close at Rs 172.60 on Friday, 23 September 2022.
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