Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Appointment of CFO
Awaiting price reaction for this filing.
Tacent Projects Ltd (formerly Rahul Merchandising Limited) announced the appointment of Mr. Mohit Sharma as the new Chief Financial Officer with immediate effect from April 11, 2025. Mr. Sharma is a graduate with 22 years of experience in manufacturing, trading of electric wires and cables, and implementing EPC projects. Notably, Mr. Sharma holds 913,300 equity shares in the company, representing about 26% of total shareholding at the time of his appointment. The appointment was approved at a board meeting held on April 11, 2025. The company also updated contact details for key managerial personnel authorized to determine material disclosures.
This is a routine KMP appointment, but the new CFO's significant 26% equity stake suggests he is a major stakeholder or promoter of the company, which could influence financial decision-making. Shareholders should monitor whether this appointment leads to any strategic shifts given the CFO's substantial ownership interest.