Intimation of Resignation of Mr. Shripal Shah as Chief Financial Officer of the Company.
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Mr. Shripal Shah has stepped down as Chief Financial Officer of Aryaman Capital Markets Ltd effective August 18, 2025, after business hours. He cited personal reasons and other professional commitments for his exit. The board was informed of the resignation at a meeting held the same day, and succession planning was placed on the agenda. Notably, Mr. Shah is the brother of Shreyas Shah (a director at the company) and also holds a director position himself (DIN: 01628855), though his resignation specifically relates to the CFO role. No replacement CFO has been announced yet.
This is a key managerial personnel change at a small-cap company. While the reason given is routine, shareholders should monitor for a timely CFO appointment, as a finance leadership gap can create short-term operational uncertainty. The family connection to another board member adds a governance dimension investors may want to track.