Huhtamaki India announced that Dr. Arup Basu (DIN: 02325890) has stepped down as Executive Director w.e.f. 3 January 2021 end of business hours.

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The Board of Huhtamaki PPL at its meeting held on 24 November 2020 has appointed Sudip Mall (DIN 01681697) as Director and Managing Director of the Company w.e.f. 4 January 2021 for a period of five years, subject to the approval of shareholders and CentralGovernment.

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Huhtamaki PPL consequent upon the fresh issue of Certificate of Incorporation by the Ministry of Corporate Affairs has changed its name to Huhtamaki India Limited.

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Total expense in the second quarter increased by 4.1% to Rs 639.17 crore as compared to Rs 613.95 crore in the same period last year.

Profit before tax (PBT) in Q2 September 2020 stood at Rs 49.61 crore, up by 26.7% from Rs 39.17 crore in Q2 September 2019. Current tax expense rose by 80.5% year-on-year (YoY) to Rs 13.86 crore during the quarter.

Huhtamaki PPL is a provider of primary consumer packaging & decorative labelling solutions in India, and part of Huhtamaki Oyj, a Finnish-based global food packaging major.

The scrip rose 3.37% to Rs 308.70 on Friday. On a year-to-date (YTD) basis, the stock has gained 25.33% while the benchmark S&P BSE Sensex lost 1.38% during the same period.

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