Mr. Dineshkumar Banshilal Sodani, Chief Financial Officer & Key Managerial Personnel (CFO & KMP) is retiring from the Company w.e.f. closing of business hours on 27th July, 2025 having attained the age of superannuation
ARSHIYA · price
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Arshiya Limited has informed the stock exchanges that Mr. Dineshkumar Banshilal Sodani, the company's Chief Financial Officer and Key Managerial Personnel, is retiring effective close of business hours on July 27, 2025, on account of attaining the age of superannuation. The filing was signed by the Resolution Professional, Pankaj Mahajan, rather than the board, as the company is currently under Corporate Insolvency Resolution Process (CIRP). The disclosure has been made under Regulation 30 of the SEBI Listing Regulations, 2015, along with the required annexure. No successor or replacement CFO has been named in this announcement.
Losing the CFO during an ongoing insolvency process may create a leadership vacuum at a critical time for the company, though the departure is age-related rather than performance-driven. Shareholders should watch for a follow-up announcement on a new CFO appointment, as prolonged absence of a CFO can delay financial reporting and resolution-related decisions.