S V Ranganath appointed interim Chairman of Coffee Day Enterprises
Bengaluru: The board of Coffee Day Enterprises on Wednesday appointed S V Ranganath as the interim chairman of the company after the death of its founder, chairman and MD VG Siddhartha. The board also appointed Nitin Bagmane as interim Chief Operating Officer (COO).
Ranganath was a non-executive independent director of the Coffee Day Enterprise, while Nitin Bagmane was the Chairman of Coffee Day's real estate arm Tanglin, which is into building technology parks and special economic zones (SEZs).
“The Board remains deeply committed to safeguarding the interests of all stakeholders, including investors, lenders, employees and customers,” it said in a regulatory filing.
The Board also said that it took cognisance of the statements made by Siddhartha in the letter he left behind, while stating that it’s authenticity is yet to be verified, and it is unclear whether these statements pertain to the Company or the personal holdings of Mr. V. G. Siddhartha. “…the Board took serious note of the same and resolved to thoroughly investigate this matter,” it added.
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Dharmasthala mass burials case: Accused Chinnayya files complaint against Thimarody, four others
Belthangady: The primary accused in the Dharmasthala mass burials case Chinnayya, who is out on bail, has filed a complaint with Dharmasthala Police against five people, including Sowjanya Movement activist Mahesh Shetty Thimarody and YouTuber Sameer MD.
Chinnayya was released on bail from the Shivamogga Jail on Thursday, December 18 and reportedly filed the complaint with Dharmasthala Police the same night. He is learned to have been accompanied by his wife Mallika and sister Ratna on the occasion.
He has alleged in his complaint that there are possibilities of Sowjanya Movement activists Thimarody, Girish Mattannavar, Jayant T, Sameer and Sowjanya’s uncle Vithal Gowda threatening him, his wife and sister. Additionally, he has urged the officers to take legal action in the matter and requested for police security.
Dakshina Kannada Superintendent of Police Dr. Arun K has said that Belthangady Police have registered the complaint and further action in the matter will be taken.
