International Gemmological Institute (India) Limited (IGIL) is currently the favorite amongst investors with supposedly a very bright future.
Under such outlook, COO leaving the Company is not comforting.
The Company has informed that Ms. Deborah Pienica, Chief Operating Officer (COO) ceased to be Senior Management Personnel with effect from January 31, 2025.
Reason provided is a general ‘personal reasons’.
It’s to be noted that she was an old hand at IGIL; joined the Company in 1999.
IGIL is currently a Rs 21,500 cr mcap Company. The above resignation and the way it has been communicated (with no details) is definitely not a comforting event !