Reliance Defence & Engineering appoints Madan Pendse CFO

Reliance Defence & Engineering Ltd today said its board has appointed Madan Pendse as its chief financial officer (CFO).

Reliance Group Chairman Anil Ambani today said with 90 per cent of defence equipment being imported, there is huge opportunity for domestic manufacturing and his group has identified two locations in Madhya Pradesh for setting up production facilities. (Reuters)
Reliance Group Chairman Anil Ambani today said with 90 per cent of defence equipment being imported, there is huge opportunity for domestic manufacturing and his group has identified two locations in Madhya Pradesh for setting up production facilities. (Reuters)

Reliance Defence & Engineering Ltd today said its board has appointed Madan Pendse as its chief financial officer (CFO).

“The board of directors of the company at its meeting held today, i.e. October 15, 2016, has appointed Madan Pendse as chief financial officer and key managerial personnel (KMP) of the company with effect from October 17, 2016,” the company said in a regulatory filing.

It said the appointment has been made consequent upon superannuation of Sridhar Krishnamurthy, the present CFO with effect from October 15.

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“Pendse upon his appointment as CFO and KMP is authorised to determine materiality of any event of information and for making disclosures to stock exchange as per the policy,” it said.

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First published on: 15-10-2016 at 20:01 IST
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