Vijay Mallya-led Kingfisher Airlines today said it has appointed S R Gupte as an additional director of the company, with effect from January 28.
In a filing to the Bombay Stock Exchange, Kingfisher said Gupte, who took over the directorship pursuant to the receipt of clearance from the Ministry of Civil Aviation, would hold office until the company's next annual general meeting.
Earlier in December, the board of the private air carrier had appointed Gupte as an additional director and was awaiting security clearance from the Ministry of Civil Aviation.
The ministry approved the appointment on January 28, thereby the effective date for it would be the same, the company added.
In the December quarter of the current fiscal, Kingfisher posted a net loss of Rs 626 crore, against Rs 423 crore in the same quarter last fiscal. The company's net income during the period was Rs 1,447 crore as compared to Rs 1,353 crore in the same quarter in the previous fiscal.
Kingfisher was trading at Rs 32.50, down 1.22 per cent in the afternoon trade on the BSE.