Abhishek Corporation Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
The board of Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited), at its meeting held on 16 July 2025, appointed Mr. Sachin Suresh Diwan as the new Chief Financial Officer with immediate effect. The appointment was made on the recommendation of the Nomination and Remuneration Committee and the Audit Committee. Mr. Diwan is a commerce graduate with direct tax practice and experience in accounting and management across large group companies. The board also re-confirmed its three Key Managerial Personnel (KMPs) authorized for materiality disclosures: Mr. Deepak C. Choudhari (Executive Chairman & MD), Mr. Sachin Diwan (CFO), and Mrs. Nasima A. Kagadi (Company Secretary & Compliance Officer). The company confirmed Mr. Diwan is not debarred from holding the CFO office under any SEBI order.
A new CFO appointment indicates a change in financial leadership, which retail investors should monitor for any shifts in financial reporting, strategy, or capital allocation. The change may also coincide with the company's ongoing corporate re-branding from Abhishek Corporation to Mahaalaxmi Texpro.