Mumbai: Aditya Birla Nuvo, a part of the Aditya Birla group, on Tuesday said its net loss has widened to Rs141.15 crore in the fourth quarter ended 31 March, 2009.
The company had a net loss of Rs21.84 crore in the same quarter ended 31 March, 2008, Aditya Birla Nuvo said in a filing to the Bombay Stock Exchange.
The net income from operations of the company rose to Rs4,237.87 crore for the quarter under review as against Rs2,912.65 crore in the same quarter last fiscal.
For the year ended 31 March the company has posted a net loss of Rs430.52 crore, while the same was at Rs150.78 crore in the same period last fiscal.
The board of directors has proposed a dividend of Rs4 a piece (on shares of face value of Rs 10 each) at its meeting held on 28 April.
Further, in a separate BSE filing, the company has said it has accepted resignation of Adesh Gupta, the Whole-Time Director and Chief Financial Officer of the firm, with effect from May 1. It has appointed Rakesh Jain as the Managing Director of the company with effect from 28 July.
Besides, the board has approved appointment of Pranab Barua as the Whole-Time Director, Santrupt Mishra as Head, Carbon Black Business of the company and Sushil Agarwal as Chief Financial Officer with effect from May 1.