India, May 16 -- Sterling Powergensys Limited on Friday announced the appointment of Pundlik Davane as its Chief Financial Officer (CFO), effective February 13, 2025. The company, in a regulatory filing, stated that the appointment was approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.
However, the company acknowledged a delay in disclosing the appointment to the stock exchange, attributing it to overlapping responsibilities, administrative processes, and the need to ensure full regulatory compliance.
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