BENGALURU: In her first public assertion since her husband’s loss of life a yr in the past, Malavika Hegde, spouse of Cafe Espresso Day founder VG Siddhartha and a director within the firm, stated the share of challenges for the corporate are “removed from over” and “corrective plan of action must be adopted” despite the fact that the investigative report has been submitted.
In an electronic mail to workers, she stated: “I’m resolutely dedicated to the way forward for Espresso Day as a going concern. We now have considerably introduced down our debt stage from Rs 7,200 crore at the beginning of final yr to Rs 3,200 crore now. We predict we will carry it to a extra manageable stage with our plans to promote just a few extra of our investments shortly.”

Hegde stated that whereas she continues to be a novice, her mission has been to uphold the legacy of her deceased husband.



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