Brands
ITC voluntarily liquidates wholly owned subsidiary Prag Agro Farm
KOLKATA: ITC has quietly shut down Prag Agro Farm Limited, drawing the curtain on a sliver of its agri portfolio that barely registered on the balance sheet. The wholly owned subsidiary was voluntarily liquidated with effect from 10 December 2025, following an order by the National Company Law Tribunal’s Mumbai bench.
The order, received on 18 December, formally dissolves Prag Agro Farm and ends its status as an ITC subsidiary. The company disclosed the development under Regulation 30 of the SEBI listing regulations.
By any financial measure, Prag Agro Farm was immaterial. In FY 2024–25, it reported total income of Rs 9.62 lakh, accounting for just 0.0001 per cent of ITC’s consolidated income. Its net worth stood at Rs 82.11 lakh as of 31 March 2025, a mere 0.0013 per cent of the parent’s net worth.
There was no sale, no buyer and no consideration involved. The dissolution did not trigger related-party concerns, slump-sale disclosures or scheme-of-arrangement requirements. It was, in regulatory terms, a clean exit.
The disclosure was signed by R K Singhi, executive vice president and company secretary, and circulated to Indian stock exchanges as well as regulators in the United States and Luxembourg.
For ITC, a conglomerate spanning FMCG, paperboards, packaging, agri-business and information technology, the move is less about retrenchment and more about housekeeping. A negligible unit has been taken off the books, allowing management to concentrate capital and attention where scale and growth still matter.
In an era of portfolio pruning and sharper capital discipline, even giants make quiet cuts. This one barely made a ripple.
Brands
Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
