Thursday May 15, 04:15 PM
Saregama says Paul Simms resigns as chairman
LONDON (Thomson Financial) - Plus-listed Saregama Plc. said Paul Simms has resigned as chairman of the company as on April 23, adding a new chairman will be appointed shortly.
The company, which manufactures and markets Indian music, also said managing director Dilip Mehta resigned as on April 2, while Subroto Chattopadhyay was appointed a director on that date.
On April 16, Saregama said first half pretax profit fell as revenues came in lower, but said it remains confident that the music and entertainment industry have excellent long-term growth prospects.
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