The nomination and remuneration committee (“NRC”) and the board of directors of the company have at their meeting held on 10 April 2023 appointed Pankaj Pandey as the COO of the company with effect from 01 April 2023. The COO will form a part of the senior management of the company.

Before being elevated as COO, Pankaj Pandey was heading the community-based projects and the business development team at EKI Energy Services (EKIESL). He will continue with his previous responsibilities and now, will also head a Climate Change study department at EKI.

Pankaj has more than 15 years of experience in expanding organizational reach and market share through strategic business planning and innovative business development concepts, business strategy formulation, planning, effective, and efficient execution.

He specialises in revenue acceleration, pricing sciences, and the execution of strong business strategies. He previously worked for CG Power & Industrial Solutions Ltd. (formerly Crompton Greaves).

Manish Kumar Dabkara, chairman and MD, EKI said, "Pankaj had joined us to lead our community development focus. lam happy to announce that in him we found a leader who can guide the entire team at EKI to newer heights in the national and international arena of climate action as the company COO. With Pankaj onboard, we are headed for a great stride onwards to many more accomplishments.”

EKI Energy Services is a carbon credit developer & supplier across the globe. It is the first ever company to list a plastic project from India with Verra - a global accreditation standard located in Washington, USA. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others.

The company's net profit fell 76.3% to Rs 38.09 crore on 40.9% decrease in revenue from operations to Rs 406.57 crore in Q3 December 2022 over Q3 December 2021.

The scrip rose 0.36% to currently trade at Rs 567.15 on the BSE.