Appointment of Chief Financial Officer
Awaiting price reaction for this filing.
The Board of Directors of Mahaalaxmi Texpro Limited appointed Mr. Sachin Suresh Diwan as the new Chief Financial Officer with immediate effect from July 16, 2025. The appointment was made based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mr. Diwan is a commerce graduate with experience in Direct Taxation, Accounting, and Management, and currently handles accounting management for various group companies. He holds no shares in the company and has been confirmed as not debarred from holding the office of CFO by SEBI or any other authority. The list of authorized Key Managerial Personnel for stock exchange disclosures was also updated to include the new CFO alongside the Managing Director and Company Secretary.
This is a routine key managerial personnel appointment with no material impact on shareholders. The change fills an important finance leadership role, and the new CFO's background in taxation and accounting should support the company's financial reporting.