Announcement under Regulation 30 of SEBI (LODR)-Resignation of Chief Financial Officer
Awaiting price reaction for this filing.
Raasi Refractories Limited has announced the resignation of Mr. Sistla Subrahmanya Sastry from the position of Chief Financial Officer, effective 20.04.2026. The resignation letter cites 'personal reasons' as the cause for leaving. The company has submitted this intimation to BSE under Regulation 30 of SEBI (LODR) Regulations, 2015. The CFO is also designated as a Key Managerial Personnel (KMP) under the Companies Act, 2013. The Managing Director, Mr. Venkanna Konda, signed the disclosure on behalf of the company. No reason for the resignation was detailed beyond 'personal reasons'.
The departure of a CFO mid-tenure could raise concerns about financial reporting continuity and corporate governance, though the vague 'personal reasons' explanation does not suggest any dispute. Shareholders should monitor for the appointment of a replacement CFO, as this is a key finance leadership role.