Acme Solar Holdings Limited has informed the Exchange regarding Cessation of Mr Purushottam Kejriwal as Chief Financial Officer of the company w.e.f. May 20, 2025.
ACMESOLAR · price
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Acme Solar Holdings has reshuffled its top finance leadership effective May 20, 2025. Mr. Purushottam Kejriwal, the current CFO, will step down from his Key Managerial Personnel (KMP) role under what the company calls an 'internal restructuring,' though he will continue in the company's leadership in a non-KMP capacity. Replacing him is Mr. Rajat Kumar Singh, a veteran finance professional with around 32 years of experience across energy, infrastructure, transport, and real estate sectors, having previously held senior finance roles at Lodha Group, Adani Group, Reliance Infrastructure, GMR Infrastructure, and SAIL. The appointment was approved by the Board on May 19, 2025, based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.
The transition appears orderly and planned, with the outgoing CFO staying on in an advisory/leadership role to ensure continuity. The new CFO brings strong sector experience from large infrastructure and energy groups, which may be viewed positively by investors. Short-term impact on the stock is likely neutral; focus will be on the new CFO's strategic direction at upcoming results.