Schneider Electric Infra appoints Mayank Holani as CFO

Besides, the board in its meeting alsoapproved raising borrowing limit by Rs 100 croreto Rs 550 crore.

"Under a comprehensive succession planning programme for the position of ChiefFinancial Officer,Mayank Holani, is appointed as Chief Financial Officer of thecompany with effect from September 9, 2020 in place of Arnab Roy who iscurrently the Chief Financial Officer of the Company," a company statement said.

According to statement, Roy will be moving to another role within the company.

The board also approved increase in borrowing limits of the company from existing Rs 450 crore to Rs 550 crore, subject to approval of the shareholders by postal ballot, it added.