Hot Pursuit     29-Mar-23
D B Corp gains on appointing Lalit Jain as CFO
D B Corp rose 1.13% to Rs 96.78 after the company's board approved the appointment of Lalit Jain as chief financial officer (CFO) of the company with effect from 1st April 2023.
Lalit Jain is a chartered accountant and with 31 years of experience. He has been associated with Dainik Bhaskar group since almost 10 years and he is currently heading key functions of finance & accounts department of the company. Before joining D B Corp. He shouldered responsibilities of CFO of Shriram Fortune Solutions for 5 years. Earlier, he has worked with Panasonic Battery, a manufacturing company for 13 years, and 2 years with Reliance Retail.

The group CFO, Pradyumna Mishra, will be retiring from the services of the company on attaining the age of superannuation at the close of business hours on 31st March 2023.

DB Corp is engaged in the business of publishing newspapers, radio broadcasting, digital platform for news and event management.

The company's consolidated net profit declined 44.2% to Rs 48.28 crore despite of 3.7% rise in net sales to Rs 565.81 crore in Q3 FY23 over Q3 FY22.

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